Leadhead Posted August 9, 2005 Report Share Posted August 9, 2005 As you may know, EQ continued to sell my information to potential creditors, even after I opted out. I consider this egregious, flagrant, and willful violation of FCRA 604(e), as well as enabling my privacy to be compromised and invaded. The whole thread is here:http://www.debt-consolidation-credit-repair-service.com/phpBB2/viewtopic.php?t=33867&sid=bf66bc3a5a728705ec2014c3d1bcd63cI've decided to file suit against them. I'll keep this thread updated as this progresses. Link to comment Share on other sites More sharing options...
DocDon Posted August 9, 2005 Report Share Posted August 9, 2005 Check out the FTC Safeguards Rule while you're at it - if the've got an issue with employees getting $ for giving out information...... Link to comment Share on other sites More sharing options...
Leadhead Posted August 9, 2005 Author Report Share Posted August 9, 2005 Check out the FTC Safeguards Rule while you're at it - if the've got an issue with employees getting $ for giving out information......I believe, Doc, that's under the Gramm-Riley Act and it governs a financial institution's duties to protect consumer information. How would that apply to a CRA? Link to comment Share on other sites More sharing options...
DocDon Posted August 9, 2005 Report Share Posted August 9, 2005 The "financial institutions" covered by the Rule include not only lenders and other traditional financial institutions, but also companies providing many other types of financial products and services to consumers. These institutions include, for example, payday lenders, check-cashing businesses, professional tax preparers, auto dealers engaged in financing or leasing, electronic funds transfer networks, mortgage brokers, credit counselors, real estate settlement companies, and retailers that issue credit cards to consumers.It may be a stretch, but if your vital financial information ends up in the hands of the CRA's, then they should certainly be held accountable for that information....Section 314 of the Act....§ 314.2 Definitions.( Customer information means anyrecord containing nonpublic personalinformation as defined in 16 CFR313.3(n), about a customer of a financialinstitution, whether in paper, electronic,or other form, that is handled ormaintained by or on behalf of youoryour affiliates.Maybe? It's a stretch, but hey.... Link to comment Share on other sites More sharing options...
Leadhead Posted August 11, 2005 Author Report Share Posted August 11, 2005 Doc,I guess I didn't read that part I don't know that it would be a HUGE stretch. In the definition of 'financial institution', it has the phrase "for example".These institutions include, for example, payday lenders, check-cashing businesses, professional tax preparers, auto dealers engaged in financing or leasing, electronic funds transfer networks, mortgage brokers, credit counselors, real estate settlement companies, and retailers that issue credit cards to consumersIt might have been a stronger argument if it had been 'including, but not limited to'...but I think one could make a case that based on the fundamental spirit of the statute, could be applicable to CRA's.I'll look into this further.Thanks, Doc! Link to comment Share on other sites More sharing options...
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