Vermont CFPB Complaints = 300/Year Posted by AVCU on 12:50 PM

Vermonters file about 300 complaints per year, on average, with the Consumer Financial Protection Bureau. That's according to data published by the CFPB in a special edition of its monthly complaint report, providing a snapshot of consumer complaints submitted across the country. For each state and the District of Columbia, the report provides statistics on complaint volume, the products and services generating the most complaints, company response rates, and a look at complaints from servicemembers and older Americans. The report also gives a national overview and spotlights narratives submitted by consumers regarding their experience with the CFPB’s complaint process. Overall, the Bureau has received over 1,218,600 complaints as of June 1, 2017.

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Vermont mirrors national averages for the most part regarding complaint.  The 1,800 complaints from Vermont consumers were 23% mortgage related, 21% concerning debt collection, 15% on credit cards, 14% credit reporting and 12% deposit account related.  Complaints about student loans, mortgages and credit reporting errors are on the increase compared to a year ago.

Download the complete state by state CFPB report.