It Is Time for Employers to Update Their FCRA Summary of Rights Notices
April 7, 2023
The Consumer Financial Protection Bureau (CFPB) recently released a new rule that employers should turn their focus on. The agency urges employers to take swift...
CFPB Releases Updated Fair Credit Reporting Act Summary of Consumer Rights
March 31, 2023
Earlier this month, the Consumer Financial Protection Bureau (CFPB) published an updated version of “A Summary of Your Rights Under the Fair Credit...
CFPB Publishes Final Rule Amending Model Adverse Action Form
March 29, 2023
The Consumer Financial Protection Bureau (CFPB or Bureau) recently issued a final rule.
Among other updates, this rule provides a new model form for the Fair Credit Reporting...
CFPB and FTC May Have Reached Settlement With Consumer Reporting Agency Over Tenant Screening Errors
February 27, 2023
A major credit reporting agency (CRA) recently informed investors that it might be facing a joint enforcement action from the...
CFPB Possessed Intense Focus on Consumer Reporting Agencies Through 2022
December 28, 2022
Over the previous few weeks, the Consumer Financial Protection Bureau (CFPB) has intensified its focus on consumer reporting. This focus includes credit...
CFPB Raises Ceiling on Allowable Charges for FCRA File Disclosures in 2023
December 19, 2022
On November 22, 2022, the Consumer Financial Protection Bureau (CFPB) announced the latest annual update to the maximum amount that consumer reporting...
CFPB Reports on Issues With Tenant Background Checks
December 5, 2022
The Consumer Financial Protection Bureau (CFPB) has published two reports concerning tenant background checks. According to the CFPB’s reports, errors within these checks often...
CFPB Reports Inaccurate Background Checks Are Increasing the Cost of Renting
December 3, 2022
A recent report from the Consumer Financial Protection Bureau (CFPB) revealed how inaccurate tenant screening reports had begun negatively impacting...
CFPB Issues Guidance Regarding “Shoddy” Investigation of Disputes By CRAs and Furnishers
December 5, 2022
The Consumer Financial Protection Bureau (CFPB) has issued new guidance to consumer reporting agencies (CRAs) and data furnishers....
Congress Requests CFPB Investigate Whether Nationwide Consumer Reporting Agencies Violated FCRA
November 24, 2022
The Chairman of the House Select Subcommittee on the Coronavirus Crisis has raised concerns that the US’s three largest nationwide...