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NerdWallet: Plenty of complaints about financial companies, but little oversight

This article is reprinted by permission from NerdWallet.

The federal watchdog agency created to protect consumers is not regulating two of the country’s fastest-growing financial institutions despite receiving voluminous complaints about them, according to an analysis by NerdWallet.

Escaping scrutiny are Green Dot Corp. GDOT, +0.68% — which partners with Walmart, WMT, +1.02% Apple, AAPL, +1.52% Intuit INTU, -0.74% and more than 100,000 retailers — and Credit One Bank, which issues NASCAR credit cards.

A NerdWallet investigation found that many other businesses also are not subject to oversight by the Consumer Financial Protection Bureau despite being the subjects of many complaints.

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