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Home » Store » Complaints » Concerns About Fraud Dominate Money-Transfer Complaints

Concerns About Fraud Dominate Money-Transfer Complaints

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Six of the top 10 firms that are the targets of consumer complaints about money transfers saw such submissions drop by double digits from the third quarter of 2014 to the fourth quarter, according to the latest analysis by Inside the CFPB.Overall gripes for all 1,700 companies tracked are down 16.1 percent during that period. However, consumer criticisms are up 52.5 percent when measuring the last nine months of 2014 against the last nine months of 2013. The CFPB started to collect complaints about money transfers in 2Q13.The worst performance in that period was Citibank, which saw complaints jump 133.3 percent.Overall concerns about fraud are head-and-shoulders above any [with one exclusive data chart] ...
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