On February 26, 2009 the FTC released a recommendation to Congress for changes in the Fair Debt Collection Practices Act (FDCPA). The recommendations were based on an October 2007 debt collection conference. In its recommendation for changes, the FTC said that “the nature of consumer debt has changed in numerous important ways since enactment of [...]
Entries Tagged as 'Reasonable Investigation'
Experian busted for not conducting “reasonable diligence” in investigations
April 7th, 2008 · No Comments · Credit Bureaus and Scores
Dennis v. BEH-1, LLC, 2007 WL 2769650 (9th Cir. Sept. 25, 2007) Basically, the defendant, Dennis, had Experian report that a judgment had been entered against him, when in fact, although a complaint had been filed, the judgment was dismissed. The defendant had submitted documents proving this, and also requested that the credit bureaus check [...]
Tags: credit report·Experian·FCRA·Hogan Information Systems·Reasonable Investigation
