by Eric J. Ellman | Mar 31, 2021
On April 1, 2020, the CFPB issued a Policy Statement that outlines 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....
by Eric J. Ellman | Aug 1, 2020
In August 2020, the CFPB issued a report, The Early Effects of the COVID-19 Pandemic on Consumer Credit. The Bureau also issued a press release covering the report. As noted in the release: The report found that consumers have not experienced significant increases in...
by Eric J. Ellman | Jun 19, 2020
On June 19, 2020, CFPB Director, Kathy Kraninger addressed CDIA members and financial institutions at a virtual event hosted by CDIA. In advance of the speech, the CFPB issued a blog posting, Consumer reporting and the CARES Act that reminded the public of an April 1,...
by Eric J. Ellman | Apr 1, 2020
On April 1, 2020, the CFPB issued a Policy Statement that outlines 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....
