The Consumer Financial Protection Bureau (CFPB) should define its supervisory expectations for how consumer reporting agencies (CRAs) can comply with key statutory requirements.
That’s according to the Government Accountability Office’s (GAO) July report to congressional committees.
Read on to see what two things the GAO said the CFPB – which described actions it has taken to provide information to CRAs – can improve on, and bureau Director Kathy Kraninger’s reaction.
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