CFPB Increases Maximum Cost for Consumer Credit Report in 2019

ALEXANDRIA, Va. – The Consumer Financial Protection Bureau (CFPB) announced an increase to the maximum fee a consumer reporting agency may charge for providing a credit report to a consumer. The annual adjustment, made under the Fair Credit Reporting Act, raises the cap to $12.50 for calendar year 2019.

Review the CFPB’s notice

You can find additional information on the Fair Credit Reporting Act on the NCUA’s Consumer Compliance Regulatory Resources page. If you have questions about this information, please contact the NCUA’s Office of Consumer Financial Protection at (703) 518-1140 or by email at ComplianceMail@ncua.gov. You can also contact your NCUA regional office or your state supervisory authority.