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Consumer Compliance - Banking Exchange
Analysis of 18,000 borrower complaints reveals payment processing errors, inaccurate bills and repayment information, and unhelpful customer service
Consumer sentiment improved for the fourth consecutive month
The banking and credit sector continues to attract the highest number of complaints
Consumers are beginning to regain faith in the US Economy
As BBVA looks to takeover Sabadell, the bank’s chair said oligopolies are bad for clients
To afford their holiday purchases, 72% of shoppers will make financial trade-offs while only 31% intend to use a credit card
Consumer protection law enforcers will now require banks to show evidence of opt-in agreements
Only 40% understand the data provided by banks’ personal financial management tools
Nearly three-quarters of consumers demand more personalized banking experiences
The financial services industry would be wise to take notice
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