FCRA

Appeals Court Overturns $500k Verdict in FCRA Case

The Court of Appeals for the Eleventh Circuit has overturned a ruling in favor of a plaintiff who sued a credit reporting agency for willfully violating the Fair Credit Reporting Act by not reinvestigating a dispute because the letter appeared to be suspicious. A copy of the ruling in the …

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Kraninger Reinforces CFPB’s Focus on FCRA Enforcement

Credit reporting and the Fair Credit Reporting Act will remain a significant supervisory and enforcement focus within the walls of the Consumer Financial Protection Bureau for the foreseeable future, said Kathleen Kraninger, the director of the agency, during remarks on Friday, warning furnishers and credit reporting agencies to maintain vigilance …

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FTC Fines Retailer For Violating FCRA

A retailer has agreed to pay $220,000 to settle claims alleged by the Federal Trade Commission that it failed to provide the proper records to individuals who claimed to be the victims of identity theft. The suit marks the first time that the FTC has used its powers under a …

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Judge Quashes Proposed Settlement in FCRA Case

A District Court judge in Virginia has rejected the terms of a potential settlement in a Fair Credit Reporting Act class action because of “troublesome terms” that are tied to a “plan of action that the Court dimly understands.” A copy of the ruling in the case of Solomon v. …

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