FCRA maximum disclosure charges to remain the same for 2020

This story appeared in Bank Digest.

The Consumer Financial Protection Bureau has announced the ceiling on allowable charges consumer reporting agencies may issue to consumers in 2020 for disclosures under the Fair Credit Reporting Act. The Bureau said the maximum allowable charge will remain at $12.50 for 2020, as it was for 2019. The Bureau is required to update this amount annually.