We know that many consumers who were impacted by Hurricanes Harvey and Irma may continue to feel the effects of those storms and other natural disasters around the United States.
The Consumer Data Industry Association (CDIA) is reissuing an important Metro 2® announcement on disaster area and forbearance reporting to remind data furnishers how they can work with their customers relative to consumers’ storm-related financial problems. The Metro 2® announcement is a reminder to all data furnishers that there is specific guidance available for furnishers who report information about [1] consumers affected by natural and declared disasters (FAQ58), and [2] accounts in forbearance as a result of a natural or declared disaster, or for other reasons (FAQ 45).
To view the entire Metro 2® announcement, please click here. You can find the FAQ58 and other relevant furnisher information on the Metro 2® portion of the CDIA website.