In case you missed it, the big-3 Credit Reporting Agencies (Equifax, Experian, and TransUnion) issued a “joint action” that they are now offering free weekly credit reports to all Americans until April 2021.

While the Fair Credit Reporting Act requires the big-3 to provide consumers with one free annual report every 12 months, this is an unprecedented step in response to the anticipated COVID-19 impacts on the individual consumer.  This weekly consumer report access could mean a lot of things for furnishers, like a sudden increase in consumer disputes.

As a result, this is a pivotal time for furnishers to remain vigilant with their compliance condition code policies and dispute resolution procedures to help keep pace with the evolving credit reporting landscape.