Consumer credit reporting will be the topic of the latest field hearing scheduled by the Consumer Financial ProtectionBureau for next week in Detroit, the agency said.
|CFPB Director Richard Cordray and a panel of experts will present the Mondayevent at 11 a.m. in the Detroit Institute ofArts at 5200 Woodward Ave.
|Credit reporting agencies, which have not been subject toprevious federal regulation, are included among non-banks the CFPBwill supervise as a result of the Dodd-Frank Act.
|According to a proposed rule issued by CFPB in February, theconsumer reporting market includes the largest consumer reportingagencies selling comprehensive consumer reports, consumer reportresellers, and specialty consumer reporting agencies.
|The bureau has set a July 21 target date for a final rule thatwill define which reporting agencies qualify as “largerparticipants” and how they will be regulated.
|The hearing will be streamed live over the Internet. Those whowant to attend the field hearing in person must RSVP at [email protected].
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