CFPB Warns Landlords and Consumer-Reporting Agencies to Report Rental Information Accurately

In preparation for the end of the Center for Disease Control and Prevention (CDC) eviction moratorium on July 31, the Consumer Financial Protection Bureau (CFPB) on July 1 issued a warning to landlords and consumer reporting agencies reminding them of their obligation to report rental information accurately. Inaccurate rental and eviction information on a tenant screening report or a credit report can unfairly block a family from safe and affordable housing.

“Errors in your tenant screening report shouldn’t hold you back from having a place to call home,” said CFPB Acting Director Dave Uejio. “For families already struggling to make ends meet, an inaccurate report can be the difference between homelessness or settling into a safe and affordable home. Landlords and consumer reporting agencies have clear obligations under federal law, regarding the accuracy of information reported about tenants, and to conduct timely investigations when consumers dispute information.”

CFPB intends to examine carefully whether landlords, property management companies, and debt collectors are furnishing accurate information to consumer reporting agencies and complying with their dispute-handling obligations under the Fair Credit Reporting Act (FCRA).

Read the CFPB compliance bulletin at: