Commonwealth Financial Systems BankRank.org
|Number of Complaints||1,735 (0 In Progress)|
|Complaints per $100K of Deposits||—|
|Complaints Resolved in a Timely Manner||99.9%|
|Resolutions Disputed by Customer||3.4%|
|Complaints Resolved in Customer's Favor||100.0%|
|FDIC Certificate #||—|
|Number of Branches||— (— International)|
|Total Equity Held||—|
|Quarterly Net Income||—|
Contact InformationNot Available
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Commonwealth Financial Systems, Inc. is ranked 123rd out of 3,688 banks. That puts Commonwealth Financial Systems in the top 71th percentile and gives them an overall grade of "B". This ranking is based upon customer complaints to the Consumer Finance Protection Bureau (CFPB) and public data about FDIC insured financial institutions. There are 1,735 complaints against Commonwealth Financial Systems and 1,058,614 complaints total.
Of the 1,735 complaints again Commonwealth Financial Systems, there have been 592 in the passed 18 months. Of those 592 complaints, 100.0% have been resolved in the customers favor, 3.4% have been disputed by the customer, and 99.9% have been resolved in a timely manner. The CFPB allows 60 days to resolve complaints before considering them "untimely".
The statistics and figures above are averaged and ranked. We then compute teach bank's overall percentile based upon these scores. Learn more details about our ranking methodology.
Break-down by Financial Product
Grades are also broken down by financial products offered by each institution. Commonwealth Financial Systems, Inc. is graded in 2 categories of financial products they offer. The top 3 categories are Debt Collection, Credit Reporting and Payday Loan.
Click here to see Complete Commonwealth Financial Systems Report Card »
Below is the list of the top 10 complaint reasons against Commonwealth Financial Systems, Inc.. Click here to see all complaints against Commonwealth Financial Systems.
|1||Debt collection||Medical debt||Attempts to collect debt not owed||197|
|2||Debt collection||Medical debt||Written notification about debt||115|
|3||Credit reporting||Credit reporting||Incorrect information on your report||57|
|4||Debt collection||I do not know||Attempts to collect debt not owed||46|
|5||Debt collection||Medical debt||False statements or representation||37|
|6||Debt collection||Medical debt||Took or threatened to take negative or legal action||30|
|7||Debt collection||I do not know||Written notification about debt||26|
|8||Credit reporting||Credit reporting||Problem with a credit reporting company's investigation into an existing problem||22|
|9||Debt collection||Other debt||Written notification about debt||21|
|10||Debt collection||Medical debt||Communication tactics||12|