The Consumer Financial Protection Bureau (CFPB) has released a policy statement outlining the responsibility of credit reporting companies and furnishers during the COVID-19 pandemic.
In response to the pandemic, many lenders are being flexible when it comes to consumers making payments.
The bureau’s statement stresses the need for lenders to report accurate information about these arrangements to credit bureaus. Read on for reaction from CFPB Director Kathy Kraninger.
TO READ THE FULL STORY
Cover Story: