Re-Broadcast: CFPB Calls out 6 Violations of the Fair Credit Reporting Act- A CDIA Webinar
Dec. 4, 2023 @ 2pm
Join us for an in-depth webinar with Chris Willis and Kim Phan, Partners at Troutman Pepper, LLP, as they dive into the recently released 2023 CFPB Supervisory Highlights report covering key findings across consumer financial products and services, including how consumer reporting companies and data furnishers violated the Fair Credit Reporting Act (FCRA) and Regulation V by failing to:
- limit furnishing reports to individuals with permissible purposes
- review and update policies and procedures related to accuracy and integrity
- conduct reasonable investigations of direct disputes
- notify consumers that a dispute is frivolous or irrelevant
- inform consumers of information needed to investigate frivolous or irrelevant disputes