FCRA

The Consumer Financial Protection Bureau yesterday announced it had filed suit against a number of defendants for violating the Fair Credit Reporting Act by allegedly obtaining individuals’ credit reports illegally and allegedly charging unlawful advance fees for debt relief services. The defendants include Chou Team Realty, LLC, which does business …

There are things that you never envision yourself having to say. Among them are, when someone posts something negative about your business online, please do not publish their personal financial information to justify your decisions. The Federal Trade Commission has fined a mortgage broker $120,000 for doing just that when …

Experian has reached a $24 million settlement after it was sued in a class-action alleging it violated the Fair Credit Reporting Act by reporting delinquent debts on payday loans that were deemed to be illegal. A copy of the memorandum in support of the plaintiff’s motion to grant preliminary approval …

To the benefit of a collection agency, a District Court judge has ruled that a plaintiff alleging that the agency violated the Fair Debt Collection Practices Act and the Fair Credit Reporting Act did not offer “even a scintilla” of evidence to substantiate those claims and granted summary judgment in …

The Eleventh Circuit Court of Appeals has upheld a lower court’s dismissal of the counts of a lawsuit that alleged a financial services organization violated the Fair Debt Collection Practices Act by reporting a debt to a credit bureau using a different name other than its own, but overturned the …

The Ninth Circuit Court of Appeals has reversed a lower court’s decision that obtaining an individual’s credit report without a permissible purpose is enough under Article III of the Constitution to confer standing to file a lawsuit, even if the plaintiff is not able to allege a nefarious reason for …

The number of lawsuits alleging violations of the Telephone Consumer Protection Act and the Fair Debt Collection Practices Act continue to remain well below the pace from last year, according to data released recently by WebRecon. Through the first three-quarters of 2019, the number of FDCPA claims is down 9.4% …

A District Court judge in Missouri has granted summary judgment to a defendant accused of violating the Fair Debt Collection Practices Act because it treated two debts from two different medical providers — originating from the same hospital visit — separately when trying to collect. A copy of the ruling …

A battle is brewing in New Jersey over a newly enacted state law that could potentially impact the credit and collection industry both in the Garden State as well as other states across the country. A new law went into effect last week that requires the three major credit bureaus …

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. …