WBK Industry News - Federal Regulatory Developments

CFPB and FTC to Host December Workshop on Accuracy in Consumer Reporting

Issues affecting the accuracy of both traditional credit reports and employment and tenant background screening reports will be the subject of a public workshop hosted by the FTC and CFPB on December 10, 2019.  The announcement brings to light the reasons for conducting the workshop, identifies a range of potential topics for discussion, and provides information for submitting comments and requesting to become a presenter or panelist. 

Some of the potential subjects include:

  • Lessons learned from the CFPB’s supervisory reviews;
  • Lessons learned from CFPB and FTC enforcement cases;
  • Differing practices used by furnishers and the accuracy of information; and
  • Opportunities and challenges for inclusion of non-traditional data in credit reports, background screening reports or credit scoring models for accuracy.