A recent federal consumer financial protection agency advisory opinion that highlights credit reporting agencies’ duty under the Fair Credit Reporting Act (FCRA) to assure maximum possible accuracy in consumer credit reports – free of “junk” […]
Background screeners that use “name-only matching” to verify the identity of job or housing applicants are violating federal law, according to an advisory opinion announced Thursday by the Consumer Financial Protection Bureau (CFPB). “Regulators are […]
An advisory opinion clarifying the content that a for-profit organization must include in a written plan that establishes and administers a special purpose credit program (SPCP) under Regulation B, which implements the Equal Credit Opportunity […]
Unsure how a rule from the federal consumer financial protection agency affects you? Starting Thursday, under a new pilot program from the agency, you can submit a request for clarity “where uncertainty exists.” In a […]
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