This week, Robert Mueller announces his resignation after finishing the Russia investigation, the latest in the fight for access to President Donald Trump’s financial records and Kushner Companies receives a new loan backed by the federal government.
Continue readingThe bigger the bank, the higher the complaint rate
The bigger the bank, the higher the rate of consumer complaints. That is the general pattern of a new Sunlight Foundation analysis of just-released consumer complaint data from the Consumer Financial Protection Bureau (CFPB). The relationship is hardly surprising. The biggest banks consistently score the worst on surveys of customer satisfaction. The most recent survey found Bank of America with the lowest customer satisfaction rate. We find Bank of America to have the second highest rate of complaints, trailing only Capital One, a major issuer of credit cards. Capital One accounts for 21.3% (4,181 of 19,603) of credit card complaints in the CFPB data.
Continue readingTARP Recipient Banks Need to Disclose Political Giving
Today, the Center for Political Accountability (CPA), a non-partisan group working to create transparency and accountability with corporate political spending,... View Article
Continue reading