Bass, Berry & Sims attorney David Esquivel will moderate a roundtable discussion called “CRAs Required to Provide Accuracy Reports to CFPB” at the Winter Meeting of the American Bar Association (ABA) Consumer Financial Services Committee.
In December 2014, the CFPB announced that it will require the major consumer reporting agencies to provide accuracy reports on how consumer disputes are being handled. CRAs will not only be required to “call out” the furnishers with the most disputes, but also to identify problems and take appropriate action. This roundtable discussion will address how the new requirement is likely to affect CRAs and furnishers, how effective it may be in improving the accuracy of furnisher data, and what may be its unintended consequences.
The Winter Meeting of the ABA Consumer Financial Services Committee will be held January 10-13, 2015 at the Ritz-Carlton in New Orleans, Louisiana. David’s roundtable discussion will take place on January 11 at 1:00 p.m.