- Credit Reporting Considerations Brochure
Credit Reporting Considerations Brochure
Consumer Financial Services
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August 14, 2023
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In 2022, the Consumer Financial Protection Bureau ("CFPB") announced a public enforcement action against a large captive auto finance company. The enforcement action includes $19.2 million in penalties and customer redress, representing a significant amount per impacted customer. This enforcement action marked the first time the CFPB has required customer redress to individuals impacted by credit furnishing errors. With this enforcement action, the stakes of furnishing inaccurate information became higher than ever before.
Datum
August 14, 2023
Ansprechpartner
Senior Managing Director, Leader of Financial Services
Senior Managing Director
Managing Director
Managing Director