As of July 31, 2009, 5039 credit and debt related lawsuits across the USA haved been filed. In 2008, breaking the 5000 level took until October. The basis of these lawsuits were violations of the Fair Credit Reporting Act (FCRA) and Fair Debt Collections Practices Act FDCPA. The number includes lawsuits filed consumers [...]
Entries Tagged as 'FCRA'
Lawsuits Against Creditors Reach Record Levels
August 19th, 2009 · 2 Comments · Consumer Debt, I'm suing those guys!, Legal Stuff, Mortgages
Tags: Attorney General's office·collection·Consumer Law·consumer lawsuits·Daniel A. Edelman·FCRA·FDCPA·Late Pays·litigants·violations
Credit Bureaus Employ Illegal Methods to Investigate Disputes
July 23rd, 2009 · 6 Comments · Credit Bureaus and Scores, Credit Repair, Credit Reports
Once again, my favorite consumer attorney, Leonard Bennett, is taking the credit bureaus to task. He contributed to a January 2009 report to the FTC which documents the way credit bureaus investigate consumers disputes (the report was written by Chi Chi Wu). It concludes credit bureaus are breaking the law [...]
Tags: automated investigations·Congress·credit report disputes·Credit Reports·eOscar·Equifax·FCRA·FTC·Good Credit·information furnisher·investigations·Leonard Bennett
Do Collection Agency “Cease and Desist” Letters Prevent Response to Credit Disputes?
July 10th, 2009 · 2 Comments · Consumer Debt, Debt Collection, Legal Stuff
The FDCPA was written with an eye towards protecting consumers from collection agency harassment. Under the FDCPA, a collection agency must cease communication with a consumer upon written request from that consumer.
Under the Fair Credit Reporting Act, consumers are allowed to directly dispute negative listings with information furnishers. An example of [...]
Tags: cease and desist·collection agency·Consumer Debt·consumers·credit disputes·credit report·FCRA·FDCPA·FTC·information furnishers·investigation request·written request
Credit Bureau Disputes: 30 or 45 Day Deadline?
September 8th, 2008 · No Comments · Credit Bureaus and Scores, Credit Reports
Back in April, I wrote about the current trend of credit bureaus to lengthen the time to investigate a dispute to 45 from 30 days as part of standard operation procedure. In that article, I maintained that this might not always be to the letter of the law, but didn’t go into much [...]
Tags: 30 day·45 day·Credit Bureau Disputes·Deadline·Fair Credit Reporting Act·FCRA·Investigation
