Payday lenders rarely cough up despite flurry of complaints to - TopicsExpress

Payday lenders rarely cough up despite flurry of complaints to regulator.. Barely 1 in 10 customers who have complained about being ripped off or badly treated by a payday lender has seen any form of relief, according to an analysis by Al Jazeera of data kept by the regulatory authority tasked with protecting against loan sharks. Figures from the Consumer Financial Protection Board’s (CFPB) database show that the regulator followed up on 1,579 complaints since payday loan customers were first allowed to file grievances with the board last November. america.aljazeera/articles/2014/11/17/small-fraction-ofpaydayloancomplaintsleadtorelief.html

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