CFPB: Removing Public Records from Credit Reports Didn’t Do Much
The CFPB studied the results of the National Consumer Assistance Plan that required civil public records and tax lien information to have certain, minimal amounts of identifying information to stay on the customer's credit report. The settlement ended up removing about 80% the public records from the credit reports. However, only about 4% of consumers that had a public record removed experienced a large enough increase in their credit score to move to a higher credit score band (moving from, for example, subprime to near prime). [2/26/18]
