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CFPB Issues a Final Rule Amending Regulation V

Posted: Jun 30, 2022 | Author: CFPB
CFPB  compliance  Fair Credit Reporting Act  lending & collections 

The CFPB has issued a Final Rule amending Regulation V, which implements the Fair Credit Reporting Act, to address recent legislation that assists consumers who are victims of trafficking. This Final Rule prohibits consumer reporting agencies from furnishing a consumer report containing the adverse item(s) of information and establishes a method for victims of trafficking to submit documentation to consumer reporting agencies.

View a summary of the Final Rule. The CFPB has also released a  Fast Facts Summary of the Final Rule.

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