If a consumer disputes the underlying legality of a debt, a furnisher is not required to address this issue as part of its investigation of a dispute. 11/29/2022 3:40 P.M. 3.5 minute read Plater v. Phoenix Financial Services, 22-cv-00688, 2022 WL 17253655 (W.D. Okla., Nov. 28, 2022) By Betsy Clarke—Compliance Attorney Note: ACA provides Daily […]
A consumer found that his debt, which was previously settled and paid in full, was being reported as open and past due. The consumer disputed the debt with the CRAs, but the debt collector continued to report the debt. The consumer sued the debt collector, and it moved to dismiss the consumer’s FDCPA claims as […]
The NCLC petitioned the CFPB to create a rule banning medical debts from credit reports, which ACA pushed back on. 11/28/2022 3:15 P.M. 4 minute read ACA International responded to a petition this week from the National Consumer Law Center, which asks the Consumer Financial Protection Bureau for a rule banning medical debts from credit […]
ACA has several advocacy resources you can use to tell your story about the impact of medical debt credit reporting changes and encourage your provider clients to do the same. 11/28/2022 3:15 P.M. 3 minute read The next wave of medical debt credit reporting changes is coming early next year, one we know is perhaps […]
The 4th Circuit stated for the first time that where a consumer alleged a collection agency obtained and viewed the consumer’s credit report from a CRA for an improper purpose under FCRA, the consumer stated a sufficient concrete injury for Article III standing purposes. 11/22/2022 3:00 P.M. 3.5 minute read Parsons v. United Collections Bureau, […]
A CRA’s procedures were found reasonable as a matter of law when they relied on information obtained from reputable sources, and the information was not inaccurate on its face or otherwise inconsistent with the information the CRA already had on file. 11/21/2022 4:20 P.M. 4 minute Hammoud v. Equifax Info. Servs., LLC, 52 F.4th 669, […]
What is ACA working on right now? Here’s a recap of our recent projects and news coverage, focused on compliance resources, ongoing advocacy on the CFPB’s regulatory approach, updates on text messaging rules from the FCC and changes to the Safeguards Rule compliance deadline. 11/21/2022 1:15 P.M. 6 minute read ACA International’s team is dedicated […]
The report largely focuses on credit reporting, mortgage servicing and deceptive practices in auto loans. 11/17/2022 1:25 P.M. 3.5 minute read The Consumer Financial Protection Bureau has released its latest supervisory highlights report on legal violations identified during the bureau’s supervisory examinations in the first half of 2022. The findings in the report cover examinations in auto […]
A consumer disputed two charges on his credit card, maintaining that he was the victim of identity theft. The data furnisher reviewed the consumer’s information and determined that the consumer was liable of the charges. The consumer sued the data furnisher, claiming that it did not conduct a reasonable investigation. 11/16/2022 4:00 P.M. 4 minute […]
A consumer claimed that she was the victim of identity theft and disputed the debt with the data furnisher directly and with the CRAs. The consumer then claimed that the data furnisher did not perform a thorough investigation of her claim. 11/15/2022 2:00 P.M. 4 minute read Miller v. Westlake Servs. LLC, No. 821CV00692JLSKES, 2022 […]
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