Daily Digest – December 13. Class Action Accuses CRA Of Allowing Furnisher to Change DOFD; CFPB Proposes Creation of Repeat Offender Registry

CLASS ACTION ACCUSES CRA OF ALLOWING FURNISHER TO CHANGE DOFD

  • A class-action complaint has been filed against one of the three major credit reporting agencies, accusing it of violating the Fair Credit Reporting Act because it allowed a furnisher to change the date of first delinquency on the plaintiffs’ tradelines so that the debt in question remained on their credit reports.
  • More details here.
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CFPB PROPOSES CREATION OF REPEAT OFFENDER REGISTRY

  • The Consumer Financial Protection Bureau yesterday issued a proposed rule that would require non-banks — such as debt collectors — to report enforcement actions and court orders to a public registry that would be used to detect repeat offenders and give the CFPB and other enforcement agencies insights to help it “take action to stop further large-scale harm or continued illegal efforts across the country.” The repeat offender registry would be a central repository that unifies the efforts of enforcement agencies while increasing transparency, according to the CFPB.
  • More details here.

JUDGE GRANTS MSJ FOR DEFENDANT IN FCRA CASE OVER DISPUTED DEBTS

  • A District Court judge in Maryland has granted a defendant’s motion for summary judgment in a Fair Credit Reporting Act case, ruling the plaintiff’s claim that the defendant did not conduct a reasonable investigation was without merit and that the plaintiff did not produce enough evidence to make his case.
  • More details here.

FCC PROPOSES FINES AGAINST 12 CARRIERS FOR NOT REPORTING TO REASSIGNED NUMBER DATABASE

  • The Enforcement Bureau of the Federal Communications Commission yesterday announced it was proposing fines against 12 different telecom companies for not submitting information to the Reassigned Number Database soon enough.
  • More details here.

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