ALEXANDRIA, Va. – According to CUNA and NAFCU, credit reporting agencies are better equipped to handle the re-investigation of any credit reporting alleged inaccuracies than the financial institutions.

In comment letters to NCUA on its joint advance notice of proposed rulemaking with the other federal financial regulators, CUNA and NAFCU both stated that information provided by furnishers is generally accurate and that the credit reporting agencies may be better able to handle disputed records as well as resolving the matter more quickly. Additionally, allowing consumers to report errors to the furnishers will increase the time and costs of these disputes for financial institutions.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.