CFPB publishes annual list of consumer reporting companies, large and small

An updated list identifying dozens of specialty consumer reporting companies as well as the three nationwide firms – Equifax, TransUnion, and Experian – was released Thursday by the Consumer Financial Protection Bureau (CFPB), along with information about steps consumers can take to freeze their credit reports.

The list, which the CFPB publishes annually, is current as of this January. It said the list allows people to find consumer reporting companies that provide specialized reporting for specific markets “that might be relevant to them depending on their specific goals and situation.” It also said the list informs consumers about the types of personal financial information that is collected for credit and other consumer reports; and provides information on how to can dispute inaccurate information and request a security freeze.

Citing information from the Federal Trade Commission, the bureau said people reported losing more than $10 billion to fraud in 2023, up 14% from the previous year. It said this number captures only the initial dollar amount lost.

The bureau said Thursday’s report also:

• includes consumer reporting companies that share information with casinos and sports betting companies;
• notes that some reports can include social media data, driving data, property insurance claims, drug and alcohol testing and health screening information, and non-profit and volunteer activity verification;
• notes that hard inquiries (applications for credit and leasing) can lower a person’s credit score; and that bank account history can affect access to credit.

The bureau noted that consumers can get free copies of their reports under many circumstances. For example, the three nationwide consumer reporting firms are required to provide consumers a free copy of their credit report no less frequently than every 12 months upon request. It said also that consumer reporting companies must provide a free report if an adverse action has been taken against an individual (such as being denied housing or credit). Other requests, it said, must be honored for a “reasonable fee,” which this year is capped at $15.50.

The CFPB list can be downloaded as a PDF and may be searched online.

CFPB Updates List of Consumer Reporting Companies