Dive Deposits: CFPB tamps down on complaint portal

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Summary

• The CFPB encourages consumers to file complaints with credit agencies first. • This guidance is not subtle and aims to streamline the complaint process.

Why It Matters for Texas Credit Unions

Relevant as it impacts all credit unions, including those in Texas, by potentially altering how they handle consumer complaints.

Original Source Material

The bureau published three pages urging consumers to file complaints with credit agencies before contacting the CFPB. It’s not subtle.