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Troutman Pepper Locke

CFPB Will Not Reissue Medical Debt Advisory Opinion

Troutman Pepper Locke on

On July 14, the Consumer Financial Protection Bureau (CFPB or Bureau) filed a status report announcing its decision not to reissue its Medical Debt Collection Advisory Opinion, which had been issued in 2024 to “remind debt...more

Cozen O'Connor

CFPB Reaffirms Privacy Requirements of FCRA for Credit Reporting Agencies and Users

Cozen O'Connor on

The CFPB released an Advisory Opinion and an accompanying press release affirming the agency’s interpretation of the application of the Fair Credit Reporting Act to the provision and use of credit and background reports, with...more

Womble Bond Dickinson

Amidst Covid-19 Pandemic Credit Reporting Concerns, CFPB Reaffirms That Name-Only Matching Violates FCRA

Womble Bond Dickinson on

On November 4, 2021, the Bureau of Consumer Financial Protection (the “Bureau”) issued an advisory opinion reaffirming its stance that a consumer reporting agency (“CRA”) using name-only matching procedures violates 15 U.S.C....more

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