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Credit crunch: Complaints about Arizona credit reports jumped in 2021, feds say

Arizonans went from filing 6,600 complaints with the CFPB in 2020 to filing nearly 8,000 the next year - almost half were complaints about what consumers called incorrect information on their credit reports and unsatisfactory responses by the credit reporting companies. ... Read more»

Consumer advocate: Predatory lending still 'major problem' in Arizona

Consumers nationwide have submitted nearly 10,000 complaints with the Consumer Finance Protection Bureau about short-term consumer loans they believed were unfair, according to a recent analysis conducted by the Arizona PIRG Education Fund. The complaints were submitted over the past two and a half years.... Read more»

Proposed limits on payday loans draw sharp reactions from both sides

Federal officials unveiled new restrictions on payday lenders Thursday that aim to help low-income borrowers avoid the “debt traps” of readily available, high-interest loans that critics say prey on minority communities.... Read more»1