America's Top 10 Most Hated Banks
This will probably come as surprise to exactly no one...
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America's 10 Most Hated Banks
According to the Consumer Financial Protection Bureau, these financial institutions draw the most complaints.
If you put out a complaint box for customers of US banks and financial firms, you will get hundreds of thousands of complaints. That's what the Consumer Financial Protection Bureau—which was set up by Elizabeth Warren before she became a US senator—has discovered. And the bank that has drawn the most complaints is Bank of America. Wells Fargo, JPMorgan Chase, and Citibank were other top targets of consumer wrath.
In June 2012, the CFPB launched a consumer help center where Americans can lodge complaints against banks and financial institutions they believe are ripping them off. The information in the center's data base is public. So you can tell which Wall Street entities provoke the most gripes. Ranked by number of complaints, the top five most reviled institutions are Bank of America, Wells Fargo, Equifax, which is a credit-reporting agency, JPMorgan Chase, and Citibank. Debt collectors, mortgage servicers, and student loan servicing companies also fall within the top 20. As of this weekend, consumers had filed over 265,000 complaints. Bank of America earned 38,833 complaints, Wells Fargo drew 26,055, and JPMorgan Chase was the subject of 20,057. Check it out:
Banks Americans Hate Most, Ranked
The number of complaints filed with the CFPB against the 10 most reviled banks, between 2012 and 2014.
38,833 Bank of America
26,055 Wells Fargo
20,057 JPMorgan Chase
14,882 Citibank
9,272 Capital One
5,061 US Bancorp
4,085 PNC Bank
3,907 HSBC
2,849 Suntrust Bank
2,831 AmEx
Source: Consumer Financial Protection Bureau Get the data
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http://www.motherjones.com/politics/2014/07/consumer-financial-protection-bureau-complaints-banks