CFPBFinal Rule
Fair Credit Reporting Act Disclosures
Finance & Banking
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Summary
This regulation updates how credit reporting companies must disclose information to consumers about their credit reports and credit scores. It ensures people have clearer access to information about what lenders are seeing when they check their creditworthiness, making it easier to spot errors and understand their financial standing.
Key Points
- 1Credit reporting agencies must provide clearer and more detailed explanations when they share credit information with lenders or other businesses
- 2Consumers have the right to know what information credit companies are using to calculate their credit scores
- 3The rule makes it easier for people to dispute errors on their credit reports if they find incorrect information
- 4Companies must explain the reasons why someone was denied credit, a loan, or insurance in simpler, easier-to-understand language
- 5These changes help everyday people monitor their credit health and catch identity theft or mistakes before they damage their finances
Key Dates
Published
December 15, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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