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Report illustrates how the big three credit reporting companies are giving consumers the runaround

Posted in Access to credit, Consumer complaints, Credit reports and scores, Data, research, and reports, Everyone has a story, and Fair Credit Reporting Act

A CFPB report revealed that the NCRAs have largely relied on vague, unhelpful form letters in response to consumer complaints filed with the Bureau. This practice, which surged in 2020, left families and communities vulnerable at the height of an unprecedented global pandemic and economic crisis.