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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The Inter-Agency Working Group for Treasury Market Surveillance reported progress on efforts to ensure that the Treasury market "remains the deepest and most liquid market in the world and a central component of the financial system."
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.
FDIC Vice Chair Travis Hill expressed concern that "an overreaction is underway" from regulators in response to the bank failures in March 2023.