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Consumer Credit Scores Vary From What Lenders See, CFPB Says

One in five U.S. consumers is likely to receive a credit score different from the one given to lenders, potentially closing off access to credit for millions of Americans, the Consumer Financial Protection Bureau found in a study released today.

The study comes five days before the consumer agency, created by the Dodd-Frank law of 2010, begins supervision of credit-reporting companies’ records and practices. The work involves direct review of about 30 businesses, including the three biggest, Equifax Inc., Experian Plc and TransUnion Corp.