The Consumer Financial Protection Bureau (CFPB) reached an $18 million settlement with Monster Loans and a number of related companies and individuals for illegally obtaining credit reports to further an alleged student loan debt relief scam. The Complaint, filed by CFPB in January of 2020, alleged that between […]
In Luna v. Hansen and Adkins Auto Transport, Inc., the Ninth Circuit heard a “more novel” theory regarding FCRA’s standalone disclosure requirement, but affirmed the trial court’s grant of summary judgment in favor of the defendant-employer because Plaintiff’s theories were “thwarted by the statute itself.” Plaintiff was a […]
In ACA Int’l v. Healey, No. CV 20-10767-RGS, 2020 WL 2198366 (D. Mass. May 6, 2020), the District Court in Massachusetts struck down the State Attorney General’s emergency ban on debt collection calls and lawsuits during the COVID-19 pandemic, finding that the regulation violated the First Amendment. On […]
In response to Senate Report 116-111, the Federal Trade Commission (“FTC”) recently submitted a report to Congress updating lawmakers on “its consumer education efforts with respect to disputing and correcting information in a credit report, as well as its enforcement efforts related to dispute processes and the correction […]
On February 27, 2020, in a 2-1 decision, the Ninth Circuit in Ramirez v. TransUnion, LLC held that every member of the class must have standing in order to recover damages at the final judgment stage. Judge McKeown filed a partial dissent. Ramirez involves TransUnion’s “OFAC Advisor” product, […]
According to a new report from the Consumer Financial Protection Bureau’s Consumer Credit Panel (“CCP”), consumer credit applications have dropped significantly since the onset of the COVID-19 pandemic. In reaching this conclusion, the CCP reviewed data in a nationally representative sample of approximately five million de-identified credit records […]
With over 22 million Americans currently out of work, the COVID-19 pandemic has proven to be both a global health crisis and a period of economic instability. Over the past few weeks, a number of new regulations have been enacted to ease the financial strain so many Americans […]
On Monday, the United States Supreme Court denied certiorari review of a Fourth Circuit Court of Appeals decision[1] that the federal government is immune from civil liability for claims brought under the Fair Credit Reporting Act – leaving open a divide amongst the circuit courts on the issue […]
