Cathay Bank — Consumer Response Profile

How this company responds to consumer inquiries (CFPB data) • Period: 2023-present • Last verified: 2026-04-18

Resolution Rate
100.0%

Consumer inquiries resolved successfully

Timely Response
98.5%

Responded within 15-day window

Total Interactions
134

Consumer interactions on record

Services Used by Consumers

Checking or savings account 50.0%
Money transfer, virtual currency, or money service 20.1%
Mortgage 16.4%
Bank account or service 6.0%
Credit reporting or other personal consumer reports 2.2%

Consumer Feedback Categories

Managing an account 35.8%
Fraud or scam 13.4%
Trouble during payment process 7.5%
Opening an account 6.7%
Closing an account 5.2%

Response Breakdown

Closed with explanation 123 (91.8%)
Closed with monetary relief 9 (6.7%)
Closed with non-monetary relief 1 (0.7%)
In progress 1 (0.7%)

Understanding This Data

The Consumer Financial Protection Bureau (CFPB) tracks how financial companies respond to consumer inquiries. This profile shows Cathay Bank's responsiveness and resolution track record.

  • Resolution Rate — How often the company resolves consumer inquiries with a satisfactory outcome (monetary or non-monetary relief).
  • Timely Response Rate — How consistently the company responds within the required 15-day window — a sign of operational responsiveness.
  • Services Used — Which product categories consumers interact with most frequently.
  • Feedback Categories — The types of inquiries consumers submit most often.

Higher resolution and timely response rates indicate strong consumer service operations. Volume of interactions is not a quality indicator — larger, more established companies naturally handle more consumer inquiries.

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