fcra

Spring 2024 Supervisory Highlights: Consumer Reporting Companies and Furnishers

Compliance / / / 4 minutes of reading

The Consumer Financial Protection Bureau (CFPB) recently released its Supervisory Highlights covering consumer reporting companies and furnishers. The CFPB emphasized that inaccuracies in the credit reporting system have been a long-standing issue and as such will be prioritized in examinations of consumer reporting companies (CRCs) and furnishers, such as credit unions. This compliance blog will …

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Columns

America’s Credit Unions: FCRA designed for factual, not legal disputes

News / / / 2 minutes of reading

The Fair Credit Reporting Act is meant to resolve factual disputes not legal disputes, America’s Credit Unions wrote in an amicus brief filed in the 3rd Circuit Court of Appeals Monday in Ritz v. Nissan. The plaintiffs attempted to end a lease agreement without scheduling an appointment for lease-end paperwork, resulting in an additional monthly …

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