The Consumer Financial Protection Bureau issued guidance to consumer reporting companies to address inaccurate background check reports and credit file sharing practices.

Details: The CFPB’s two advisory opinions say:

  • Background check reports must be complete, accurate, and free of information that is duplicative, outdated, expunged, sealed, or otherwise legally restricted from public access.

  • People are entitled to receive all information contained in their consumer file at the time they request it, along with the source or sources of the information.