Equifax says consumer credit scores changed in computer error
Equifax Inc. said some consumer credit scores were changed because of a computer error that has since been rectified. A ...
Tag: credit reporting
Credit reporting during a pandemic
The economic impact of COVID-19 has already proven catastrophic for many businesses and consumers. Many employers are reducing their staffing ...
Mitigating risk in pulling credit reports
Recently, there has been an uptick in lawsuits involving dealerships pulling consumer credit reports. Some have resulted in payments of ...
Don’t ignore the signs: 7 credit reporting compliance requirements to review
As we begin the new year, many auto finance companies start planning their annual compliance procedure review. If the September ...
How ‘Furnishers’ Can Avoid Trouble with the Feds
The Consumer Financial Protection Bureau is targeting violations of strict rules for so-called “furnishers,” including auto lenders, plus in many ...
Simple Tips for Monitoring Credit Reporting Vendors
With recent CFPB enforcement actions coupled with an expansion of supervisory oversight to nonbank auto lenders, compliance concerns just got ...
