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Author: Amy Loftsgordon

CFPB Won’t Enforce Credit Reporting Dispute Deadlines During Coronavirus Crisis

CFPB Won’t Enforce Credit Reporting Dispute Deadlines During Coronavirus Crisis

Your credit report is a record of all open credit accounts you have, as well as your payment history with each of them. The three national credit reporting agencies—Equifax, Experian, and TransUnion—keep these records, and federal law gives you the right, under the Fair Credit Reporting Act (FCRA), to dispute errors and inaccuracies in your reports. Federal law also requires the agencies to respond to disputes within specific time limits. Generally, the FCRA requires that credit reporting agencies and furnishers,…

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