CFPB's Credit Report Warning Puts Retailers On Notice

Law360, New York (September 6, 2013, 5:19 PM EDT) -- A recent Consumer Financial Protection Bureau bulletin highlighting the responsibility of all companies that provide data to credit reporting agencies to address consumer complaints should serve as a warning to retailers and other firms outside the bureau's specific jurisdiction that they, too, could face enforcement actions, attorneys say.

In a bulletin issued Wednesday, the CFPB said any so-called “data furnisher” is expected to promptly review any consumer complaints forwarded to them by credit reporting bureaus and fix any discrepancies that they find. "Data furnishers" provide information...
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