by Eric J. Ellman | Jun 25, 2021
In June 2021, CDIA sent a letter to Consumer Reports responding to its unempirical survey alleging inaccuracies in credit reports. CDIA made seven key points. First, credit reports are highly accurate. Second, the Consumers Reports survey is not grounded in...
by Eric J. Ellman | Jun 25, 2021
In June 2021, the House Financial Services Committee held a hearing, A Biased, Broken System: Examining Proposals to Overhaul Credit Reporting to Achieve Equity. On the agenda was H.R.___, Protecting Your Credit Score Act by U.S. Rep. Josh Gottheimer (D-NJ); H.R....
by Eric J. Ellman | May 19, 2021
On May 26, 2021, the House Subcommittee on Oversight & Investigations held a hearing on Consumer Credit Reporting: Assessing Accuracy and Compliance. Testifying at the hearing were: Ms. Beverly Anderson, President, Global Consumer Solutions, Equifax Inc. Ms. Sandy...
by Eric J. Ellman | Apr 30, 2021
On April 9, 2021, Sen. Sherrod Brown (D-OH), the chair of the Senate Banking Committee, issued a press release and letter to ten tenant screening companies asking them for substantial input on their business operations. The companies that received letters were...
by Eric J. Ellman | Mar 24, 2021
The CFPB issued its Consumer Response Annual Report for 2020 with a covering press release. The release noted that “the impact of the COVID-19 pandemic on the consumer financial marketplace is reflected in the increase of complaints submitted to the CFPB. The...
