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Credit card complaints to CFPB fairly limited in first three months

The Consumer Financial Protection Bureau received about 5,000 credit card complaints during its first three months, but companies resolved more than 3,100 of them and consumers disputed the adequacy of responses in only 400 cases, according to a report the bureau released Nov. 30.

The report shows that confusion about credit card terms, third-party fraud and factual disputes are among the most common consumer complaints.

The ABA noted that there are more than 383 million U.S. credit card accounts, and less than one-tenth of one percent of them sent complaints to the bureau.

You can read the CFPB's report by clicking here.

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