Important Metro 2® Guidance from CDIA: Reporting Accounts for Consumers Affected by Natural Disasters

According to a July 15th article posted by the Consumer Data Industry Association (CDIA), they are re-issuing guidance to remind data furnishers how they can work with their customers relative to consumers’ disaster-related financial problems. This information is being re-issued due to the expected impact of recent massive flooding along the Gulf Coast and other natural disasters around the country. There is specific guidance available for furnishers who report information about;

(1) accounts affected by natural and declared disasters (FAQ 58), and

(2) accounts in forbearance as a result of a natural or declared disaster, or for other reasons (FAQ 45).

To view the entire Metro 2® announcement, please click here.

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