The Consumer Financial Protection Bureau launched a rulemaking to address the effects of inaccurate credit reporting affecting survivors of domestic violence, elder abuse, and other forms of financial abuse.
Details: The agency issued an advance notice of proposed rulemaking to gather public input on potential amendments to regulations implementing the Fair Credit Reporting Act. The CFPB said it intends to propose a rule after gathering public comment.
Background: The CFPB said abusers force partners or other family members to take out credit cards or loans, secretly open accounts in survivors' names, or run up charges on existing accounts.
