Data Sharing: Which privacy laws apply?
When a lender shares data outside of its organization, the question often arises of what laws apply to the sharing. ...
Tag: FCRA
Third Circuit adopts “reasonable reader” standard for credit report accuracy
The Fair Credit Reporting Act (FCRA) requires furnishers of information to report the information accurately. Recently, several payment rating and ...
CFPB, FTC challenge court ruling on credit line disputes
The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) are challenging a lower court’s ruling that would ...
Fair Credit Reporting Act: Policy check in – permissible purpose
It should come as no surprise that the Fair Credit Reporting Act (FCRA) includes the potential for hefty liability, both ...
CFPB statement clarifies credit reporting and CARES Act
On April 1, as the nation was in the beginning stages of its COVID-19 shutdown and companies, including financial institutions, ...
Mitigating risk in pulling credit reports
Recently, there has been an uptick in lawsuits involving dealerships pulling consumer credit reports. Some have resulted in payments of ...
CFPB Official Outlines Nonbank Exam Process
While the Consumer Financial Protection Bureau has yet to examine financial institutions with less than $10 billion of assets, debt-collection ...
