CFPB and FTC announce issues for panels at Dec. 10 workshop on accuracy in consumer reporting

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The CFPB and FTC announced the issues that the panels will discuss at the workshop on accuracy in consumer reporting that the agencies will co-host on December 10, 2019.

The workshop will examine issues affecting the accuracy of traditional credit reports as well as employment and tenant background screening reports, including changes in legal requirements and technological developments. Panelists will include industry representatives, consumer advocates, and regulators.

The workshop will feature four panels. The issues the panels will discuss include:

  • the current practices of furnishers of information and compliance with accuracy requirements;
  • current accuracy topics for traditional credit reporting agencies;
  • accuracy considerations for background screening; and
  • navigating the dispute process.

The workshop will also feature remarks by FTC Commissioner Noah Joshua Phillips and CFPB Deputy Director Brian Johnson. In September 2019, the agencies had requested comments recommending topics that should be addressed or specific information on the following potential topics for discussion.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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