As the regulatory focus on credit reporting compliance continues to increase, lenders need to do more to mitigate both the risk of compliance issues and the costs of managing credit bureau disputes. In this case study, we show how a large, super-regional bank was able to achieve a 30%+ reduction in average quarterly dispute rate (and a 70% reduction in discrepancies) after using DQS for one year.
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Key Findings on Furnishing Practices and Disputes in CFPB Supervisory Highlights Winter 2024
The latest CFPB Supervisory Highlights (Winter 2024, Issue 37) outlines key findings related to deposits, furnishing, and short-term lending from examinations conducted from January 1,