CFPB Issues Warning to Businesses About Free Credit Reports

The Fair Credit Reporting Act entitles consumers to an annual free credit report from all reporting companies, not just Equifax, Experian and TransUnion. Hundreds of specialty reporting agencies collect information about medical payments, tenant history, check-writing behaviors, … [Read more...]

Equifax Settles Federal Charges of Improperly Selling Consumer Data to Marketing Group

Equifax Information Services, LLC—one of the three major U.S. credit reporting agencies—reached a resolution yesterday with the Federal Trade Commission concerning charges the credit bureau had unlawfully sold lists of consumers who had missed mortgage payments. Equifax, as well as … [Read more...]

Supreme Court Hears Case of U.S. Violation of Credit Reporting Law

In what could be a landmark case against the U.S. government, the U.S. Supreme Court heard arguments Oct. 2 concerning whether the federal government could be held financially liable for actions not in accordance with the Fair Credit Reporting Act. … [Read more...]