CFPB Issues Guidance for Investigations of Consumer Reporting Disputes

Written By Digital Content Editor Thomas Ahearn On November 10, 2022, the Consumer Financial Protection Bureau (CFPB) issued a circular about “Reasonable Investigation of Consumer Reporting Disputes” to affirm that consumer reporting companies and information furnishers cannot “skirt dispute investigation requirements,” according to a news release from the CFPB. “The CFPB found that consumer reporting…

CFPB Advises Background Check Users On Permissible Purpose Under FCRA

Written By Digital Content Editor Thomas Ahearn The Consumer Financial Protection Bureau (CFPB) has issued an advisory opinion on “Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports” to ensure that companies using and sharing background checks have a “permissible purpose” under the Fair Credit Reporting Act (FCRA). The FCRA ensures fair…