FCRA Archives - Page 6 of 32

July 25, 2022 by John L. Culhane, Jr. in CFPB

CFPB Issues Advisory Opinion on FCRA Permissible Purpose Requirement

In a new advisory opinion, the CFPB addresses the Fair Credit Reporting Act’s permissible purpose requirement as it applies to both consumer reporting agencies and users of consumer reports.Consumer reporting...

June 13, 2022 by Mark Kundmuller in Collection Strategy

Court Grants Partial Summary Judgment in FCRA Case Based on Statute of Limitations

In Fowler v. Preferred Collection & Mgmt. Servs., No. 8:21-cv-1038-WFJ-AAS (M.D. Fla. May 16, 2022), the court granted in part and denied in part the defendant’s motion for summary judgment...

May 26, 2022 by David Chavez in FCRA

Eighth Circuit Finds that Class-Action FCRA Plaintiff Lacks Article III Standing Under Spokeo

The Eighth Circuit reiterated in a decision last month that trial courts must distinguish between FCRA plaintiffs who have suffered concrete harm and plaintiffs who merely seek to collect statutorily...

May 9, 2022 by Alexandria Pritchett in CFPB

CFPB Argues the FCRA Requires Furnishers to Investigate Legal Issues Raised in Consumer Disputes

On April 7, the Consumer Finance Protection Bureau (CFPB or Bureau) filed an amicus brief in an appeal, pending before the Court of Appeals for the Eleventh Circuit in which...

April 13, 2022 by Missy Meggison in CFPB

TransUnion Fires Back, Says it Will Fight CFPB Suit

On April 12, 2022, in response to the lawsuit filed against it by the CFPB TransUnion issued a statement defending its actions and alleging the CFPB is the party that failed to...

April 12, 2022 by Missy Meggison in CFPB

Next on the CFPB's Firing Line? TransUnion

Last week CFPB Director Chopra accused the credit bureaus of being a cartel. This week, the CFPB is singling out TransUnion.Earlier today the Consumer Financial Protection Bureau (CFPB) issued a...

March 21, 2022 in CFPB

Equifax, Experian, and TransUnion Support U.S. Consumers With Changes to Medical Collection Debt Reporting

CHICAGO, Ill. -- On March 18, 2022, the three nationwide credit reporting agencies (NCRAs) – Equifax (NYSE: EFX), Experian (LON: EXPN), and TransUnion (NYSE: TRU) – announced significant changes to medical collection...

March 16, 2022 by John L. Culhane, Jr. in Credit Reporting

Pennsylvania Federal District Court Rules Public Records Vendor is Consumer Reporting Agency Subject to Fair Credit Reporting Act

A Pennsylvania district court has ruled that a company that provides reports based on a search of public records is a “consumer reporting agency” (CRA) as defined by the Fair...

March 2, 2022 in CFPB

Locked and Loaded: CFPB Sets its Sights on Medical Debt

ARM entities servicing medical debt should pay close attention to the recent words and actions of the Consumer Financial Protection Bureau (CFPB). On March 1, 2022, the CFPB issued a press release...

February 16, 2022 by John L. Culhane, Jr. in CFPB

CFPB Highlights Changes in VA Medical Debt Credit Reporting Practices as Precedent for Broader Healthcare Industry

In a blog post, the CFPB reported that the Department of Veterans Affairs (VA) has announced a change to when it will report information on outstanding medical bills to consumer...

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