Court Confirms CRAs under No Duty to Include Tradelines

The National Law Review
... Minnesota helpfully confirmed that although consumer reporting agencies (“CRAs”) are required by the Fair Credit Reporting Act (“FCRA”) to ensure ...

The FTC Expands its FCRA Enforcement Activity In Action Against Retailer

JD Supra (press release)
The Fair and Accurate Credit Transactions Act (“FACTA”) which amended the FCRA in December 2003, was intended to enhance consumer ...

CFPB Issues Guidance on Consumer Reporting and the CARES Act

ACA International
... Act (CARES Act) and the Fair Credit Reporting Act when they furnish information to consumer reporting agencies about consumers impacted by the ...

Can’t Have it Both Ways: Court Strikes Down Defamation Claims After Plaintiff Says Furnishers Weren’t Furnishing Information (But Lets FCRA Claims Through on Permissible Purpose Grounds)

The National Law Review
Ky. June 9, 2020), the court found that plaintiff sufficiently pled a claim under the Fair Credit Reporting Act (“FCRA”), but struck defamation ...

CFPB Attempts to Clarify Servicer Credit Reporting Requirements

Mortgage News Daily
Section 4021 of the Act modifies parts of the Fair Credit Reporting Act (FCRA). The Consumer Financial Protection Bureau (CFPB) attempted to clarify ...

Consumer reporting and the CARES Act

Consumer Financial Protection
Find more information regarding COVID-19 from CFPB. We're working to continuously update information for consumers during this rapidly evolving ...

Must-Read for Data Furnishers: CFPB Releases FAQs on CARES Act Credit Reporting Requirements

insideARM.com
... the credit reporting agencies and furnishers when evaluating compliance with requirements to investigate disputes in specific timeframes. The CFPB ...

Americans Skip Millions of Loan Payments as Coronavirus Takes Economic Toll

Wall Street Journal
There isn't one uniform way of reporting people seeking help with their debts to the credit-reporting firms, and some lenders say they are having a ...

Credit Bureaus to Get Close Look for Coronavirus Response, CFPB Says

Bloomberg Law
CFPB director Kathleen Kraninger warned credit reporting bureaus and the lenders that furnish data to them to comply with federal coronavirus relief ...

CFPB Urges CARES Act Compliance As Complaints Surge

Law360
... as amended by the CARES Act," Kraninger said in a statement, referring to the Fair Credit Reporting Act and the sweeping Coronavirus Aid, Relief, ...

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