TellerScore

CFPB complaint counts · Oct 18, 2023 – Oct 18, 2026

Live Oak Banking Company complaints

Consumers filed 101 complaints about Live Oak Financial, Inc and LIVE OAK BANCSHARES, INC. with the Consumer Financial Protection Bureau over the past three years, 47 of them in the last 12 months. The most common product was "Debt collection" (45%), and the most common issue was "Managing an account". The company responded on time to 25.0% of complaints, and 0.0% of closed complaints ended with monetary or non-monetary relief.

Complaints (3 yrs)
101
Per $1B deposits
6.9median 8.5
Timely response
25.0%
Closed with relief
0.0%

The CFPB publishes complaints after the company responds or after 15 days, whichever comes first. It does not verify every fact in a complaint, and counts reflect customer volume as much as service quality. Narratives are not shown. See Live Oak Banking Company's financial scorecard.

By product

ProductComplaintsShare
Debt collection4544.6%
Checking or savings account3433.7%
Credit reporting or other personal consumer reports1615.8%
Money transfer, virtual currency, or money service44.0%
Mortgage22.0%

Top issues

IssueComplaintsShare
Managing an account1716.8%
Attempts to collect debt not owed1615.8%
Opening an account109.9%
Electronic communications87.9%
Written notification about debt76.9%
False statements or representation65.9%
Incorrect information on your report65.9%
Problem with a company's investigation into an existing problem55.0%
Took or threatened to take negative or legal action55.0%
Improper use of your report44.0%
Closing an account44.0%
Other transaction problem33.0%
Problem caused by your funds being low33.0%
Threatened to contact someone or share information improperly22.0%
Communication tactics11.0%
Identity theft protection or other monitoring services11.0%
Fraud or scam11.0%
Struggling to pay mortgage11.0%
Trouble during payment process11.0%

How complaints were closed

Company responseComplaintsShare
Closed with explanation5857.4%
Untimely response4342.6%

Top states

StateComplaintsShare
GA4746.5%
AZ55.0%
CA55.0%
SC44.0%
NY44.0%
VA44.0%
AL33.0%
FL33.0%
MA33.0%
TN33.0%
IL22.0%
MN22.0%
KY11.0%
NV11.0%
OK11.0%
PA11.0%

How they were submitted

ChannelComplaintsShare
Web9897.0%
Referral22.0%
Phone11.0%

Want to file a complaint? Submit it directly to the Consumer Financial Protection Bureau (CFPB) through its website. TellerScore does not accept or forward complaints.