CFPB Issues Guidance on Eliminating False “Junk Data” from Credit Reports

Written By Digital Content Editor Thomas Ahearn On October 20, 2022, the Consumer Financial Protection Bureau (CFPB) issued guidance to consumer reporting companies (CRAs) on “Fair Credit Reporting & Facially False Data” concerning their obligation to screen for and eliminate obviously false “junk data” from consumer credit reports, according to a news release from the…

DHS Extends Flexibilities in Form I-9 Compliance Until July 31, 2023

Written By Digital Content Editor Thomas Ahearn The U.S. Department of Homeland Security (DHS) and U.S. Immigration and Customs Enforcement (ICE) have announced an extension of the flexibility in complying with requirements related to “Form I‑9, Employment Eligibility Verification” due to the continued safety precautions related to COVID-19 until July 31, 2023. The temporary flexibility…

Nationwide CRAs May Be Investigated for Credit Reporting in COVID-19 Crisis

Written By Digital Content Editor Thomas Ahearn Three nationwide consumer reporting agencies (NCRAs) – Equifax, Experian, and TransUnion – may have been less responsive to consumer disputes of credit reports during the COVID-19 pandemic, according to a letter from the House Select Subcommittee on the Coronavirus Crisis to the Consumer Financial Protection Bureau (CFPB). Dated…