facebooktwitterRSS
- Advertisement -
  • Most Commentedmost commented up
  • Most Emailedmost emailed up
  • Popularmost popular up
- Advertisement -
 

« News Home

New report shows three large banks lead Ohio in complaints



Published: Wed, September 18, 2013 @ 12:00 a.m.

By Jamison Cocklin

jcocklin@vindy.com

youngstown

A first-of-its-kind report that analyzed the banking complaints of thousands of consumers nationwide logged with a government watchdog agency shows that three of Ohio’s largest banks are at the top of the list.

The Ohio Public Interest Research Group analyzed 19,000 banking complaints recorded with the Consumer Financial Protection Bureau’s consumer- complaint database.

The bureau was established in 2010, after the country’s latest recession, with a mission of identifying unfair financial practices, educating consumers and assisting in the regulation of financial institutions.

The Ohio PIRG’s report found that PNC Bank was the most-complained-about in Ohio, followed by Huntington National Bank and Fifth Third Bank, based in Cincinnati. It analyzed complaints filed with the database since March 2012 when it was created.

Most of the complaints filed with the bureau related to checking accounts and problems associated with opening, closing and managing them, as well as withdrawing from them.

Nationally, PNC has 880 recorded complaints, with 114 being logged in Ohio. Huntington has 101 complaints here and Fifth Third has 83, according to the report.

Just 25 banks accounted for 90 percent of all complaints nationwide.

“Huntington is regularly ranked as a national leader for customer satisfaction, which includes designation as one of the Best Banks in America by Money magazine and other prominent consumer studies,” wrote Huntington spokesman William Eiler in an email responding to the report. “Huntington consistently works closely with all customers who raise concerns to strive toward successful resolution.”

Marcey Zwiebel, a PNC spokeswoman, said the report is merely a reflection of PNC’s large footprint in Ohio and the large number of customers it serves. She said the bank’s own measures for customer satisfaction are high, and it continually works to respond to customer concerns.

Huntington is the Mahoning Valley’s largest bank by market share, while PNC is the Valley’s third- largest by the same measure, according to the Federal Deposit Insurance Corp.

Fifth Third Bank does not have a presence in the Valley.


Comments

1Robert_Neville(123 comments)posted 1 year, 1 month ago

The banking system in America is broken. It needs to be revamped. They have a monopoly on every aspect of banking. Where is the idea of small banks helping out small communities. The four large banks Bank of America, Chase, Citi and Wells Fargo owners of everything. They need to break up all of them.

Were is Rep. Tim Ryan on this banking issue. I am sure he is lining his pockets on these bank deals. Let talk about how Bank of America shafted me out of a pay now or we will take you. To court. The feds did not help me at all. I paid the bank loan and then they mess up my credit rating in the process. I have spent over 20000 dollars on this legal matter and was told you will have to deal with it. You are nothing but a dead beat creditor just to steal the banks money. The FTC never got back yo me on my complaint. How about that for support of banks. They can say I need a bailout. I say let them go down the drain.

Suggest removal:


News
Opinion
Entertainment
Sports
Marketplace
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2014 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes | Pittsburgh International Airport