CFPB Oversight Uncovers And Corrects Credit Reporting Problems

Consumer Financial Protection Bureau press release ----- The Consumer Financial Protection Bureau (CFPB) released a report detailing the problems in the credit reporting industry that the Bureau has uncovered and corrected through its oversight work. Since launching its supervision of the credit reporting market, the CFPB has identified significant issues with the quality of the credit information being provided by furnishers and maintained by credit reporting companies. The report outlines the actions that the CFPB has taken to address these ongoing problems such as fixing data accuracy at credit reporting companies, repairing the broken dispute process, and cleaning up information being reported. To learn more about CFPB oversight uncovers and corrects credit reporting problems click on the picture below to read the release.