CFPB Advisory Opinion Affirms CRAs Using “Name-Only Matching” Violate FCRA

Written By ESR News Blog Editor Thomas Ahearn On November 4, 2021, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion to affirm that consumer reporting agencies (CRAs) that use “name-only matching” for records are not using “reasonable procedures to assure maximum possible accuracy” as required by the federal Fair Credit Reporting Act (FCRA).…