Advisory opinion
Advisory Opinion on Fair Credit Reporting; Facially False Data
The Consumer Financial Protection Bureau (CFPB) is issuing this advisory opinion to highlight that a consumer reporting agency that does not implement reasonable internal controls to prevent the inclusion of facially false data, including logically inconsistent information, in consumer reports it prepares is not using reasonable procedures to assure maximum possible accuracy under section 607(b) of the Fair Credit Reporting Act (FCRA).