GETZVILLE, NY – DNF Associates LLC, one the leading Asset Management Firms and purchaser of Delinquent Receivables, has answered the urgent call for more blood, by hosting a blood drive in conjunction with ConnectLife Blood and Organ Donor Network.
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What standard should courts use to determine whether information contained in a consumer’s credit report is inaccurate or misleading? According to the Third Circuit in a recent precedential decision, the standard should be that of the “reasonable reader,” not a “reasonable creditor,” i.e., not an individual or entity sophisticated in the art of reading credit reports. The Third Circuit further held that a reasonable reader reviews the report in totality: “A court applying the reasonable reader standard to determine the accuracy of an entry in a report must make such a determination by reading the entry not in isolation, but rather by reading the report in its entirety.”
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