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Why are complaints about credit bureaus soaring?

Why are complaints about credit bureaus soaring?
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The CFPB Taskforce Recommends Limits On FCRA Class Action Awards In Report | Womble Bond Dickinson

To embed, copy and paste the code into your website or blog: On January 5, 2021, the Consumer Financial Protection Bureau’s Taskforce on Federal Consumer Financial Law Report issued a two-volume report on “how to improve consumer protection in the financial marketplace.”  The Taskforce, comprised of five members, was established in January 2020 and was charged with examining the consumer financial services environment and developing recommendations for improvement.  Volume I of the report outlined the history and present landscape of a wide variety of consumer protection laws presently in place.  Volume II of the Report contained the Taskforce’s recommendations to enhance the financial services market. Each recommendation was targeted to include the specific government body with the authority to act and the suggested mechanism or action for implementation.

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