CFPB Report Highlights Issues Related to Consumer Reporting and Loan Agent

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Law360 (Jun 29, 2021 at 10:21 pm ET) – The Consumer Financial Protection Bureau said Tuesday that its experts have identified a variety of legal violations with financial service providers in the past year, highlighting certain issues related to the accuracy of credit reporting data. , and stressed the practice of foreclosure and servicing of student loans as “particularly important”.

The CFPB outlined the results when it released its latest Supervisory Highlights, which is part of a regular series that provides updates on key industry compliance issues that have emerged from the agency’s recent audits.

For example, in last year’s surveys of consumer reporting companies, the CFPB said its experts have found that information from “untrustworthy” data providers continues …

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