CFPB report on credit reporting problems

The Consumer Financial Protection Bureau has released a report detailing the problems in the credit reporting industry that the CFPB uncovered and corrected through its oversight work. The report identifies significant issues with the quality of the credit information being provided by furnishers and maintained by credit reporting companies, and it outlines the actions that the CFPB has taken to address these ongoing problems such as fixing data accuracy at credit reporting companies, repairing the broken dispute process, and cleaning up information being reported.

The CFPB press release, with a link to the report, is here.

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