FCRA Archives - Page 4 of 33

July 22, 2024 by Bryce Noel in CFPB

insideARM Weekly Recap – Week of July 15th, 2024

The ARM industry moves fast. Staying informed and sorting through what's relevant and what's just noise can be a challenge, but that's where insideARM steps in. We not only provide...

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May 6, 2024 by Bryce Noel in CFPB

insideARM Weekly Recap- Week of April 29th, 2024

Keeping up with all the goings on in the ARM Industry can feel like a full-time job. That’s why we at insideARM try to bring you the biggest news that...

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May 1, 2024 by David N. Anthony in CFPB

General Counsel of the CFPB Delivers Remarks Focusing on Medical Collections and Tenant Screening

In a recent speech at the National Consumer Law Center/National Association of Consumer Advocates Spring Training, Seth Frotman, General Counsel of the Consumer Financial Protection Bureau (CFPB or Bureau), focused...

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January 24, 2024 by Ethan G. Ostroff in CFPB

CFPB Continues Focus on Consumer Reporting and the FCRA With New “Guidance” on Background Checks and Consumer Disclosures

On January 11, the Consumer Financial Protection Bureau (CFPB or Bureau) issued two “advisory opinions” addressing the CFPB’s views of the obligations of consumer reporting agencies (CRAs) under the Fair...

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January 4, 2024 by Stefanie H Jackman in CFPB

CFPB and FTC File Amicus Brief Urging Fourth Circuit to Find FCRA Requires Investigation Regardless of Whether Dispute Is Factual or Legal

On December 8, the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) (collectively, the agencies) filed an amici curiae brief urging the U.S. Court of Appeals for the...

Blank numbered list with Rules at header written on chalkboard.

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December 14, 2023 by John L. Culhane, Jr. in CFPB

CFPB Fall 2023 Rulemaking Agenda Indicates Imminent Issuance of Final Credit Card Late Fees Rule and Proposed Rules on Overdraft and NSF Fees

The CFPB has released its Fall 2023 rulemaking agenda as part of the Fall 2023 Unified Agenda of Federal Regulatory and Deregulatory Actions. The agenda’s preamble indicates that “[t]he Bureau...

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December 7, 2023 by Kristen Larson in CFPB

Trade groups urge CFPB to issue ANPR on FCRA rulemaking

In September 2023, the CFPB announced that it was launching a Fair Credit Reporting Act rulemaking and issued an outline of the proposals it is considering in preparation for convening...

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November 27, 2023 by Daniel JT McKenna in FCRA

Eleventh Circuit rules consumers can recover statutory damages for willful FCRA violations without proving actual damages

Joining every other circuit to address the same issue, the U.S. Court of Appeals for the Eleventh Circuit recently ruled that a consumer does not have to prove actual damages...

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November 13, 2023 by Ethan G. Ostroff in Disputes

Wisconsin Federal District Court Denies Cross-Motions for Summary Judgment Holding the Reasonableness of Furnisher’s Investigation a Jury Determination

A U.S. District Court in the Western District of Wisconsin recently denied both the defendant and plaintiff’s summary judgment motions in a Fair Credit Reporting Act (FCRA) case, holding that...

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October 16, 2023 by John Rossman in Credit Reporting

“Fair Credit Dispute” Lawsuits Deluge Consumer Finance Industry: Three Strategies to Avoid Liability

Companies that report consumer accounts to the credit reporting agencies are experiencing an unprecedented increase in so-called “Fair Credit Dispute” lawsuits. These hybrid consumer claims typically assert violations of the...

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