First Midwest Bancorp, INC. -- Consumer Complaint Report & Risk Analysis

Account Management and Unauthorized Charges

Complaint Summary

First Midwest Bancorp, INC. has received 199 consumer complaints filed with the CFPB across 5 products. The most common issues reported are managing an account, trouble during payment process, problem with a lender or other company charging your account. Complaints span 8 states, with Illinois and Indiana leading in complaint volume.

Company Overview

Company: First Midwest Bancorp, INC.

Total CFPB Complaints: 199

AI Risk Score: 45/100

Most Recent Complaint: 2021-09-09T12:00:00-05:00

Risk Breakdown

  • Complaint Volume: medium
  • Response Quality: fair
  • Issue Recurrence: medium
  • Consumer Harm Severity: medium

AI Company Analysis

FIRST MIDWEST BANCORP, INC. has 199 consumer complaints on file with the CFPB. Charges were made to the account without authorization. The company failed to resolve account management issues in a timely manner.

Response Quality Assessment

fair

Top Consumer Issues

Unauthorized charges to accounts -- Severity: medium

Red Flags

  • Multiple complaints about unauthorized charges and account management issues.

Green Flags

  • No significant positive feedback or green flags identified.

Consumer Tips & Advice

Consumers should monitor their accounts regularly for unauthorized transactions.

Complaint Trend Analysis

There is a trend of increasing complaints related to unauthorized charges and account management issues.

Regulatory History

Regulatory history shows ongoing investigations into unauthorized charges and account management practices.

Industry Context

The banking industry is under scrutiny for account security and customer service issues.

Frequently Asked Questions About First Midwest Bancorp, INC.

How many CFPB complaints does FIRST MIDWEST BANCORP, INC. have?

FIRST MIDWEST BANCORP, INC. has 199 complaints on file with the CFPB. The most recent complaint was filed on September 9, 2021.

What is FIRST MIDWEST BANCORP, INC.'s complaint response rate?

Response rate data is not yet available for FIRST MIDWEST BANCORP, INC..

Does FIRST MIDWEST BANCORP, INC. respond to complaints on time?

Timely response data is not yet available for FIRST MIDWEST BANCORP, INC..

Is FIRST MIDWEST BANCORP, INC. safe to do business with?

Account Management and Unauthorized Charges FIRST MIDWEST BANCORP, INC. has 199 CFPB complaints. Risk score: 45/100.

What red flags exist for FIRST MIDWEST BANCORP, INC.?

Potential red flags for FIRST MIDWEST BANCORP, INC.: Multiple complaints about unauthorized charges and account management issues.. These are based on analysis of CFPB complaint patterns.

What are FIRST MIDWEST BANCORP, INC.'s strengths?

Positive indicators for FIRST MIDWEST BANCORP, INC.: No significant positive feedback or green flags identified..

What tips should consumers know about FIRST MIDWEST BANCORP, INC.?

Consumers should monitor their accounts regularly for unauthorized transactions.

Are complaints against FIRST MIDWEST BANCORP, INC. increasing or decreasing?

There is a trend of increasing complaints related to unauthorized charges and account management issues. FIRST MIDWEST BANCORP, INC. currently has 199 total complaints.

Has FIRST MIDWEST BANCORP, INC. faced regulatory action?

Regulatory history shows ongoing investigations into unauthorized charges and account management practices.

How does FIRST MIDWEST BANCORP, INC. compare to industry peers?

The banking industry is under scrutiny for account security and customer service issues.

What measures has FIRST MIDWEST BANCORP, INC. taken to prevent unauthorized charges?

The company has implemented enhanced security measures and is working with regulators to address these issues, but complaints persist.

Recent Complaints Against First Midwest Bancorp, INC.

Complaint IDProductIssueDate ReceivedCompany ResponseState
#5674398Checking or savings accountProblem with a lender or other company charging your account2022-06-14T12:00:00-05:00Illinois
#5647567Checking or savings accountProblem caused by your funds being low2022-06-08T12:00:00-05:00Illinois
#5553001MortgageTrouble during payment process2022-05-09T12:00:00-05:00Illinois
#5546798Checking or savings accountManaging an account2022-05-05T12:00:00-05:00Illinois
#5546445Checking or savings accountProblem caused by your funds being low2022-05-05T12:00:00-05:00Illinois
#5365637Checking or savings accountManaging an account2022-03-22T12:00:00-05:00Illinois
#5355356Checking or savings accountClosing an account2022-03-22T12:00:00-05:00Illinois
#5112514Credit reporting, credit repair services, or other personal consumer reportsIncorrect information on your report2022-01-15T12:00:00-05:00Pennsylvania
#5107545Payday loan, title loan, or personal loanGetting a line of credit2022-01-13T12:00:00-05:00Georgia
#5053163Checking or savings accountManaging an account2021-12-29T12:00:00-05:00Illinois
#5009991Checking or savings accountManaging an account2021-12-14T12:00:00-05:00Illinois
#4911430Checking or savings accountManaging an account2021-11-12T12:00:00-05:00Illinois
#4868805Payday loan, title loan, or personal loanProblem with fraud alerts or security freezes2021-11-02T12:00:00-05:00Indiana
#4814952Credit reporting, credit repair services, or other personal consumer reportsImproper use of your report2021-10-15T12:00:00-05:00Delaware
#4753821Checking or savings accountProblem with a lender or other company charging your account2021-09-25T12:00:00-05:00Illinois
#4742910Checking or savings accountManaging an account2021-09-20T12:00:00-05:00Illinois
#4737682Money transfer, virtual currency, or money serviceFraud or scam2021-09-20T12:00:00-05:00Indiana
#4714603Checking or savings accountManaging an account2021-09-09T12:00:00-05:00Illinois
#4684902MortgageTrouble during payment process2021-08-31T12:00:00-05:00Wisconsin
#4675566Credit reporting, credit repair services, or other personal consumer reportsFraud or scam2021-08-30T12:00:00-05:00Colorado

First Midwest Bancorp, INC. Complaints by State

First Midwest Bancorp, INC. Complaints by Product

First Midwest Bancorp, INC. Complaints by Issue

Disclaimer

This analysis is based on CFPB complaint data and AI interpretation.

About This Report

This consumer complaint report for First Midwest Bancorp, INC. is generated by ReadTheComplaint using AI analysis of data from the CFPB.

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