CFPB Reports Highlight Problems with Tenant Background Checks
Today, the Consumer Financial Protection Bureau (CFPB) issued two reports on the tenant background check industry.
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CFPB Issues Guidance to Address Shoddy Investigation Practices by Consumer Reporting Companies
When consumer reporting companies and furnishers fail to investigate disputed information, consumers are left paying higher interest rates and face greater difficulty finding housing, employment.
CFPB Takes Action to Address Junk Data in Credit Reports
Effort seeks to address false information on the credit reports of children in foster care and the general public.
CFPB Identifies Consumer Reporting Companies the Public Can Hold Accountable
Today, the Consumer Financial Protection Bureau (CFPB) released its annual list of consumer reporting companies. The list identifies dozens of specialty reporting companies that collect and sell access to people’s data, including individuals’ finances, employment, check writing histories, or rental history records, often without their knowledge. Using the list, people can exercise their right to see what information these firms have, dispute inaccuracies, and file lawsuits if the firms are violating the Fair Credit Reporting Act.
CFPB Takes Action to Stop False Identification by Background Screeners
The CFPB today issued an advisory opinion affirming that consumer reporting companies, including tenant and employment screening companies, are violating the law if they engage in shoddy name-matching procedures.
As Federal Eviction Protections Come to an End, CFPB Warns Landlords and Consumer Reporting Agencies to Report Rental Information Accurately
The Consumer Financial Protection Bureau (CFPB) today released an Enforcement compliance bulletin reminding landlords, consumer reporting agencies (CRAs), and others of their critical obligations to accurately report rental and eviction information.
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