The Consumer Data Industry Association (CDIA) has updated the guidance within its Metro 2® FAQ 58 pertaining to natural or declared disaster area reporting. This notice is to remind data furnishers how they can work with their customers relative to consumers’ disaster-related financial problems. The Metro 2® announcement below is a reminder to all data furnishers that there is specific guidance available for furnishers who report information about (1) accounts affected by natural and declared disasters (FAQ 58), and (2) accounts in forbearance as a result of a natural or declared disaster, or for other reasons (FAQ 45). Please review this announcement and new guidance closely. For additional questions about data reporting in the Metro 2® Format, please contact CDIA and the Metro 2® Task Force at firstname.lastname@example.org or contact your consumer reporting agency representatives directly.
To view the entire Metro 2® announcement, please click here. You can find the FAQ 58 and other relevant furnisher information on the Metro 2® portion of the CDIA website.