The Consumer Financial Protection Bureau announced it will stop publishing consumer complaint narratives and associated data visualizations from its public database, a move that effectively dims one of the few spotlights consumers had on how financial companies treat them. The CFPB framed the decision as housekeeping: the narratives are unverified, one-sided, and not required by law. Critics see something different: a financial services industry getting exactly the opacity it has lobbied for. What’s actually changing The CFPB’s Consumer Complaint Database has been publicly accessible since the bureau was established under the Dodd-Frank Act in 2010. It allowed anyone to search complaints filed against banks, lenders, credit bureaus, and other financial firms, complete with consumer-written narratives describing their experiences. Those narratives are now going dark. The bureau announced on August 14 that it would cease the “discretionary publication” of unverified consumer complaint stories and the data visualizations that accompanied them. Previously published narratives won’t vanish entirely. They’ll be archived in the agency’s FOIA Reading Room and treated as public domain recor...
Trump administration removes publication of consumer complaint data from CFPB database
1 month ago
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