Credit Bureau in the News

Can’t Have it Both Ways: Court Strikes Down Defamation Claims After Plaintiff Says Furnishers Weren’t Furnishing Information (But Lets FCRA Claims Through on Permissible Purpose Grounds)

The National Law Review

Ky. June 9, 2020), the court found that plaintiff sufficiently pled a claim under the Fair Credit Reporting Act (“FCRA”), but struck defamation ...

CFPB Attempts to Clarify Servicer Credit Reporting Requirements

Mortgage News Daily

Section 4021 of the Act modifies parts of the Fair Credit Reporting Act (FCRA). The Consumer Financial Protection Bureau (CFPB) attempted to clarify ...

Consumer reporting and the CARES Act

Consumer Financial Protection

Find more information regarding COVID-19 from CFPB. We're working to continuously update information for consumers during this rapidly evolving ...

Must-Read for Data Furnishers: CFPB Releases FAQs on CARES Act Credit Reporting Requirements

insideARM.com

... the credit reporting agencies and furnishers when evaluating compliance with requirements to investigate disputes in specific timeframes. The CFPB ...

Americans Skip Millions of Loan Payments as Coronavirus Takes Economic Toll

Wall Street Journal

There isn't one uniform way of reporting people seeking help with their debts to the credit-reporting firms, and some lenders say they are having a ...

Credit Bureaus to Get Close Look for Coronavirus Response, CFPB Says

Bloomberg Law

CFPB director Kathleen Kraninger warned credit reporting bureaus and the lenders that furnish data to them to comply with federal coronavirus relief ...

CFPB Urges CARES Act Compliance As Complaints Surge

Law360

... as amended by the CARES Act," Kraninger said in a statement, referring to the Fair Credit Reporting Act and the sweeping Coronavirus Aid, Relief, ...

ABA: House Bill Would Undermine Usefulness of Credit Reports

ABA Banking Journal (blog)

Introduced by Rep. Josh Gottheimer (D-N.J.), the Protecting Your Credit Score Act of 2020 is scheduled to be considered this week. While well- ...

CSBS and CFPB Issue Joint Statement On CARES Act Mortgage Loan Forbearances

JD Supra (press release)

The Conference of State Bank Supervisors (CSBS) and the Consumer Financial Protection Bureau (CFPB) recently issued a joint statement ...

New Litigation May Further Clarify the FCRA’s Definition of “Consumer Reporting Agency”

The National Law Review

An employer's obligations under the Fair Credit Reporting Act (“FCRA”) are triggered when it obtains a “consumer report” from a “consumer reporting ...