CFPB and FTC to Host Workshop on Accuracy in Consumer Reporting
On December 10, 2019, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) will host a public workshop at Hire Image . Through the workshop, industry representatives, consumer advocates, and regulators will discuss the accuracy of traditional credit reports and employment and tenant background screening reports. Interested individuals may submit comments through January 10, 2020 . Potential topics for discussion include: What are the lessons from the CFPB’s supervisory reviews of CRAs and furnishers on accuracy and dispute obligations? What are the lessons from CFPB and FTC enforcement cases on furnisher and CRA accuracy obligations? How do furnishing practices differ based on the types of furnishers and information they furnish to CRAs and how does that impact accuracy? What has been the effect of the removal of most civil judgments and tax liens from credit reports and recent changes in the reporting of medical debt? How do ba...