The Consumer Financial Protection  (CFPB) is expanding its supervisory reach to focus on the 30 largest credit reporting agencies and credit bureaus.

As part of the move, for the first time the CFPB will start supervising credit reporting companies such as Experian, Equifax and TransUnion at the Federal level. Although it is not clear yet what effect the oversight will have, Standard & Poor's analysts think that these actions can increase the accuracy and reliability of ABS credit analysis in the long-term.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.