Credit Bureaus to Get Close Look for Coronavirus Response, CFPB Says

by Evan Weinberger - Bloomberg Law

  • Credit bureaus’ compliance with CARES Act faces CFPB scrutiny

  • Bureau saw record number of complaints in April and May

CFPB director Kathleen Kraninger warned credit reporting bureaus and the lenders that furnish data to them to comply with federal coronavirus relief requirements amid a surge in complaints to the consumer watchdog agency.

Read more: https://news.bloomberglaw.com/banking-law/credit-bureaus-to-get-close-look-for-coronavirus-response-cfpb-says