What are financial institutions required to do for consumers when they are filing negative information against them?

Question

Quizplus · Accepted Answer

Financial institutions are required to notify consumers within 30 days of negative information submitted with items that includes things like late, missed, or partial payments. They are not required to provide an opportunity to rebut the negative information prior to its submission, ask for concurrence prior to submitting the report, or do nothing.

What Are Financial Institutions Required to Do for Consumers When