Entities	Oliver Wyman (2)
Topics and Issues	Accuracy (40) CFPB (3)

In 2021, Oliver Wyman issued a report surveying the current landscape of consumer credit reporting and credit report accuracy.  According to the summary of the report, there has been a lot of new attention on

the role of credit bureaus in society. President Biden put forward a proposal for a public credit reporting agency (See note 1), Congress has held hearings on credit reporting (See note 2), and the Consumer Financial Protection Bureau (CFPB) continues to focus on credit data accuracy. Debate on credit reporting should be rooted in a robust understanding of how the credit reporting system works. This paper summarizes the current landscape of consumer credit reporting and what we know about credit report accuracy.