Between 2012 and 2017 the Number of Consumer Complaints to the CFPB

question 54

True/False

Between 2012 and 2017 the number of consumer complaints to the CFPB grew at an average annual rate of 28%

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Definitions:

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Sole Proprietorship

A business structure where a single individual owns, manages, and is responsible for all aspects of the business, including its debts.

Closed Receivership

A legal process where a receiver is appointed to manage the affairs, assets, and liabilities of a distressed or insolvent company until a resolution is found.

Controller

A senior financial officer responsible for overseeing an organization's daily accounting operations.