On January 11, 2024, the Consumer Financial Protection Bureau (CFPB) provided guidance to consumer reporting agencies (CRAs) through two advisory opinions (A.O.) under the Fair Credit Reporting Act (FCRA). These A.O. specifically focus on issues related to background check reports and file disclosures. The accompanying press release emphasizes that the advisory opinions aim to rectify inaccurate background check reports and improve credit file sharing practices. Collectively, the “two advisory opinions seek to ensure that the consumer reporting system produces accurate and reliable information and does not keep people from accessing their personal data.”

Join Becki Kuehn, Partner and Chair of the Credit Reporting, Privacy, and Data Security Practice Group at Hudson Cook and Eric J. Ellman, CDIA’s SVP of Public Policy and Legal Affairs, for an in-depth webinar covering the newly issued interpretive rules and how they will impact CFPB interpretation on future FCRA requirements. The panel will also provide an update on the CFPB’s launch on FCRA rulemaking and the recently published Final Report of the Small Business Review Panel (SBREFA).