Why Data Sources Aren't Furnishers Under Credit Report Regs

Technology advances in the financial services industry can create significant regulatory risk and compliance quandaries. In this Law360 article, Attorneys Kwamina Williford and Brian Goodrich take a close look at the concept of "consumer-permissioned" data and advance a novel interpretation of how the Fair Credit Reporting Act applies to its usage. This article is relevant and helpful for lenders, fintech companies, credit bureaus, and other actors involved in credit decisioning.  

READ: Why Data Sources Aren't Furnishers Under Credit Report Regs