Furnisher Accuracy

MoFo ReEnforcement: The Enforcement Blog · December 17, 2014

New CFPB Procedure: Credit Reporting Agencies Must Report and Take Action On Furnishers

By Ben Patterson

On December 11, 2014, the Consumer Financial Protection Bureau (CFPB) announced a major change related to its monitoring of furnishers involved in credit reporting. The CFPB introduced a new requirement…