CFPB, Federal Agencies, State Agencies, and Attorneys General
The CFPB has issued a circular (2022-07) to address “shoddy investigation practices” and “affirm that neither consumer reporting companies nor information furnishers can skirt dispute investigation requirements.”
The Fair Credit Reporting Act (FCRA) requires both consumer reporting agencies (CRAs) and furnishers of information to CRAs to conduct a reasonable investigation when properly notified of a dispute about information furnished in a consumer report. … Continue Reading
The FTC has filed comments on the CFPB’s Request for Information regarding its civil investigative demands and investigational hearings.
In the RFI, the CFPB requested feedback on various aspects of the CFPB’s processes and requirements for issuing CIDs, responding to CIDs, and conducting investigational hearing. The FTC’s comments primarily describe the FTC’s comparable processes and requirements and highlights changes made in 2017 to the CID process used by the FTC’s Bureau of Consumer Protection (BCP). … Continue Reading
In October 2015, the D.C. federal district court ruled that the plaintiffs’ names should be redacted in all documents filed in a lawsuit against the CFPB initiated by the plaintiffs. The plaintiffs are a group of businesses and an individual who provide services related to consumer credit counseling and are under investigation by the CFPB. … Continue Reading
The D.C. federal district court recently ruled that the plaintiffs’ names should be redacted in all documents filed in a lawsuit against the CFPB initiated by the plaintiffs. The plaintiffs are a group of businesses and an individual who provide services related to consumer credit counseling and are under investigation by the CFPB. … Continue Reading
