The CFPB reminded consumer reporting companies of their obligations under the Fair Credit Reporting Act to (i) address inaccurate information found in background checks, (ii) monitor for improper credit file sharing and (iii) ensure that background check information is accessible to consumers.
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A credit reporting agency settled charges with the CFPB for security "freeze and lock" violations related to consumer credit reports.
The FTC and the CFPB sued a nationwide consumer reporting agency for Fair Credit Reporting Act violations related to rental background check reports.
A fund administrator settled charges with the SEC for failing to identify "red flags" of fraudulent behavior on the part of one of its hedge fund clients.
Banking agencies set a comment deadline of September 19, 2023 for proposed risk management guidance concerning "reconsiderations of value" in real estate transactions.