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
Product
Complaints
Share
Debt collection
45
44.6%
Checking or savings account
34
33.7%
Credit reporting or other personal consumer reports
16
15.8%
Money transfer, virtual currency, or money service
4
4.0%
Mortgage
2
2.0%
Top issues
Issue
Complaints
Share
Managing an account
17
16.8%
Attempts to collect debt not owed
16
15.8%
Opening an account
10
9.9%
Electronic communications
8
7.9%
Written notification about debt
7
6.9%
False statements or representation
6
5.9%
Incorrect information on your report
6
5.9%
Problem with a company's investigation into an existing problem
5
5.0%
Took or threatened to take negative or legal action
5
5.0%
Improper use of your report
4
4.0%
Closing an account
4
4.0%
Other transaction problem
3
3.0%
Problem caused by your funds being low
3
3.0%
Threatened to contact someone or share information improperly
2
2.0%
Communication tactics
1
1.0%
Identity theft protection or other monitoring services
1
1.0%
Fraud or scam
1
1.0%
Struggling to pay mortgage
1
1.0%
Trouble during payment process
1
1.0%
How complaints were closed
Company response
Complaints
Share
Closed with explanation
58
57.4%
Untimely response
43
42.6%
Top states
State
Complaints
Share
GA
47
46.5%
AZ
5
5.0%
CA
5
5.0%
SC
4
4.0%
NY
4
4.0%
VA
4
4.0%
AL
3
3.0%
FL
3
3.0%
MA
3
3.0%
TN
3
3.0%
IL
2
2.0%
MN
2
2.0%
KY
1
1.0%
NV
1
1.0%
OK
1
1.0%
PA
1
1.0%
How they were submitted
Channel
Complaints
Share
Web
98
97.0%
Referral
2
2.0%
Phone
1
1.0%
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.