Consumer Protection

CFA Urges CFPB to Pursue FCRA Rulemaking Without Delay

CFA joined a coalition of 60 consumer, civil rights, health care, and advocacy organizations in urging the CFPB to follow through with its September 15 Outline of Proposals in connection with its FCRA rulemaking. Industry groups are attempting to slow down the rulemaking by requesting an advance notice of proposed rulemaking, but the CFPB’s meticulous gathering of research and extensive public input render this additional step unnecessary. The coalition asks the CFPB to move forward with this rulemaking process expeditiously in order to curb the abuses inherent in medical debt reporting and collection, credit reporting errors, and widespread data broker conduct.