CFPB Issues Interim Final Rule to Enable COVID-19 Payment Deferral Options

JD Supra (press release)
A little over a month later, on June 23, 2020, the Consumer Financial Protection Bureau (CFPB) released an interim final rule that amends Regulation ...

CFPB Settles Claims For Alleged UDAAP And FCRA Violations By Companies Issuing Contracts For Deeds

JD Supra (press release)
... and implement adequate policies and procedures regarding the accuracy and integrity of information furnished to consumer reporting agencies.

CFPB Issues Compliance Aid Regarding CARES Act Credit Reporting Provisions

Lexology
Section 4021 of the CARES Act amends the Fair Credit Report Act (FCRA) to address coronavirus-related accommodations made by furnishers.

Experian Avoids Hefty Punitive Damage Award, but Still Has to Pay $5,000 for a Single FCRA Violation For Claimed Pain and Suffering

The National Law Review
The Eleventh Circuit vacated a $490,000 punitive damages award last Friday for a single FCRA violation, finding that there wasn't enough proof of a ...

New Credit Reporting Bill Passed by House, Seeks to Make Credit Reporting More Consumer-Friendly

insideARM.com
Josh Gottheimer (D-NJ-5), would amend the Fair Credit Reporting Act and require the Consumer Financial Protection Bureau (CFPB) to take certain ...

U.S. House passes major credit reporting reform

State PIRGs
On Monday, the U.S. House approved H.R. 5332, the Protecting Your Credit Score Act of 2020 (Gottheimer-NJ). U.S. PIRG joined other leading ...

FCRA Consumer Disputes and Reinvestigations

JD Supra
... to handle consumer disputes under the Fair Credit Reporting Act (FCRA). The Consumer Financial Protection Bureau (CFPB) issued a Compliance ...

Compliance News Flash – June 2020 #3

JD Supra
... Policy Statement on Supervisory and Enforcement Practices Regarding the FCRA and Regulation V in light of the CARES Act. The Compliance Aid ...

CFPB Issues CARES Act Credit Reporting FAQs

Lexology
CFPB Issues CARES Act Credit Reporting FAQs ... addressing the CARES Act changes to the Fair Credit Reporting Act (FCRA) and clarifying furnisher ...

COVID-19 Relief Efforts Heighten Fair Credit Reporting Risks

Law360
COVID-19 Relief Efforts Heighten Fair Credit Reporting Risks. By Allison Schoenthal and Ashley Hutto-Schultz. Law360 is providing free access to its ...

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