FCRA

The Consumer Financial Protection Bureau has filed suit against a collection agency that specializes in collecting in debts on behalf of apartment complexes for violating the Fair Credit Reporting Act and the Fair Debt Collection Practices Act for collecting debts “without a reasonable basis to assert” the debts were valid. …

Collection agencies may not necessarily be noticing it, but there continues to be a precipitous drop in the number of lawsuits being filed alleging violations of the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, and the Telephone Consumer Protection Act, according to data released yesterday by WebRecon. …

The Third Circuit Court of Appeals has upheld a lower court’s summary judgment ruling in favor of a defendant that was accused of violating the Fair Credit Reporting Act by allegedly providing inaccurate information on the plaintiff’s credit reports. A copy of the ruling in the case of Angino v. …

Executives in the credit and collection industry — especially those working in compliance — who were hoping for a slow, relaxed summer have definitely been disappointed, based on data released yesterday by WebRecon that shows a dramatic uptick in the number of lawsuits filed by consumers. There were double-digit increases …

The Court of Appeals for the Ninth Circuit has affirmed a lower court’s ruling that a credit bureau did not violate the Fair Credit Reporting Act and was not obligated to reinvestigate disputed claims on an individual’s credit report because the individual did not directly submit the request. A copy …

In a move that will settle as many as 18 different lawsuits, Equifax has agreed to stop reporting civil judgments and tax liens on individuals’ credit reports for up to five years and pay each eligible consumer $1,500 to settle a case in which the credit bureau was accused of …

A District Court judge in Alabama has reduced the punitive damages awarded by a jury to a plaintiff whose credit history was mis-reported to $490,000, from $3 million. A copy of the ruling in Younger v. Experian Information Solutions, Inc., can be accessed by clicking here. The plaintiff had a …

Lawsuits against collection agencies alleging violations of the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, and the Telephone Consumer Protection Act were all up in January, compared with December 2018, but only the FCRA was up from the first month of last year, according to data released …

In a case that was first reported by Nadia Adams at Womble Bond Dickinson, a federal judge in Illinois has partially granted and partially denied summary judgment requests from both the plaintiff and the defendant in a case in which a collection agency was sued for not promptly reporting a …

A collection agency has agreed to a $2.2 million settlement after it was accused of violating the Fair Credit Reporting Act by obtaining the credit report of an individual without a permissible purpose. Attorneys representing the plaintiffs in the class-action suit will receive one-third of the settlement, or $733,333.33. The …