Fair Credit Reporting: Section 623(a)(8)
Section 623(a)(8) allows consumers to directly dispute with furnishers the accuracy of information supplied to CRAs, in accord with rules required to be promulgated by the Commission and Federal financial agencies. (Starting July 21, 2011, the Bureau will assume rulemaking authority under this section.) It requires the furnisher to investigate good faith disputes, considering “all relevant information” submitted by the consumer.