Recent actions by the CFPB – including the $19M penalty against Hyundai – substantially increased the risk for creditors and debt collectors for furnishing consumer information to credit reporting agencies.
Is credit reporting still worth the risk?
In this spicy episode of the Debt Collection Drill, Moss & Barnett attorneys Sarah Doerr and John Rossman examine recent CFPB actions and offer specific guidance to lenders on this very question.
Listen to John Rossman and Sarah Doerr as they discuss:
- How an internal audit of your credit reporting process may not be enough;
- Why reviewing individual credit bureau disputes is critical in collections & recovery;
- Which specific piece of data that could make or break your compliance with the FCRA
Editor's note: This video has been provided to Collections & Recovery by Moss & Barnett. John Rossman is a leading financial services attorney and member of the iA Legal Advisory Board, Consumer Relations Consortium, and Innovation Council. Moss and Barnett content—and all Collections & Recovery articles—are protected by copyright. All rights are reserved.
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