Tag Archives: Credit Reporting

There is a common theme to the three questions posed by members of the accounts receivable management industry to our credit reporting expert — Alicia Mckeighan, the Chief Compliance Officer at Afni — in the next episode of “Ask The Credit Reporting Expert” and that common theme is one that …

The Court of Appeals for the Second Circuit has upheld a lower court’s ruling in favor of a defendant that was sued for allegedly violating the Fair Credit Reporting Act for how it identified a default judgment that had been subsequently settled on the plaintiff’s credit report. A copy of …

Compliance is not always binary. It is not always black-and-white. Sometimes, companies are going to have to make choices based on how risky or conservative they want to be. Those situations feature prominently in the latest episode of “Ask The Credit Reporting Expert” in which Sarah DeMoss, the Director of …

The COVID-19 pandemic has definitely made credit reporting a lot more complicated for companies that furnish data to credit reporting agencies. Noting whether an account is current or not, if a collection moratorium has been put in place, or using the right condition codes when furnishing information has all become …

The statute of limitations is quite the kettle of fish for companies in the accounts receivable management industry. Determining which particular statute of limitations from which state applies is usually about as straightforward as getting through a maze. When it comes to furnishing information to a credit reporting agency, it …

The Consumer Financial Protection Bureau has used a lot of adjectives so far to detail what debt collectors can not do when trying to recover unpaid debts owed by consumers. Those adjectives include: harassing, oppressive, abusive, false, deceptive, misleading, unfair, and unconscionable. In Section 1006.30, it seems as though the …

The Consumer Financial Protection Bureau on Friday updated its list of consumer reporting companies that provide information about credit reports, employee background checks, tenant screening, gaming, and more. The update is an annual refresh that is performed by the CFPB to provide consumers with a comprehensive, but not exhaustive, list …

The Consumer Financial Protection Bureau yesterday announced it had issued a consent order against Santander Consumer USA, accusing it of violating the Fair Credit Reporting Act by furnishing accurate information to credit reporting agencies and fining the nonprime auto lender $4.75 million. A copy of the consent order is available …