Congress Sends CFPB Letter Demanding Its Source of Authority for Taking Actions Concerning the FCRA and Other Consumer Protection Laws
November 2, 2022
Two ranking members of Congressional committees have sent a letter to the director of the Consumer...
Lawyer Who Claims Inaccurate Consumer Report Cost Judgeship Reaches Settlement
October 31, 2022
At the beginning of the year, a South Carolina lawyer accused a consumer reporting agency (CRA) of costing her a chance at a position as a judge. Now,...
FTC and CFPB File Amicus Brief Regarding Furnisher’s Ability to Decline “Frivolous” Disputes
September 30, 2022
The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have joined in filing an amicus...
Trade Organizations File Amicus Brief Asking Second Circuit to Reject CFPB’s Interpretation of FCRA’s Maximum Accuracy Requirement
September 15, 2022
In a case before the Second Circuit, the Federal Trade Commission (FTC) and the Consumer Financial...
Congress Questions CFPB’s Authority to Coordinate With States
Congressional authorities from the U.S. House Financial Services Committee (HFSC) are questioning whether the agency may be overstepping its legal authority. These questions are in response...
CFPB Penalizes Bank $37.5 Million for Alleged Violations of the FCRA and Other Federal Laws
The Consumer Financial Protection Bureau (CFPB) has recently taken action against a major U.S. bank. Allegedly, the bank accessed consumer credit reports...
CFPB Penalizes Auto Financial Servicer $19 Million for FCRA Violations
The Consumer Financial Protection Bureau (CFPB) has announced that it penalized a major auto financing subsidiary for more than $19 million. The CFPB revealed how the auto...
2022 Sees Increase in Consumer Financial Protection Bureau’s Focus on the FCRA
In the first half of 2022, the Consumer Financial Protection Bureau (CFPB) has taken considerable action through advisory opinions and guidance, showing that the agency...
CFPB Gives the Go Ahead for Increased State Enforcement of Credit Reporting
The Consumer Financial Protection Bureau (CFPB) has issued a new interpretive rule under the Fair Credit Reporting Act (FCRA). It clarifies the states’ ability to...
Medical Debt Furnishers and CRAs May Face Increased Scrutiny from the CFPB
Medical debt is notorious for happening unexpectedly and for unavoidable reasons. The COVID-19 pandemic is an example of such hardship. And when insurers or providers add...