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CFPB Recovers More Than $1 Million for Service Members, Veterans, and their Families
Friday, March 7, 2014 6:55 AM

The Consumer Financial Protection Bureau (CFPB) announced yesterday that service members, veterans, and their families who complained to the Bureau about financial products or services have recovered more than $1 million. The relief was reported in the CFPB’s second snapshot of complaints from military consumers, which also highlighted how some military families are not receiving the added consumer protections they have earned. The report covers more than 14,000 complaints from service members, veterans, and their families received by the CFPB from July 21, 2011 through February 1, 2014.

According to yesterday’s snapshot report, the top three complaints by service members, veterans, and their families are mortgages, debt collection, and credit cards. The full report can be found on the CFPB website.

The Bureau released its first snapshot of consumer complaints received from service members, veterans, and their families in the spring of 2013.