Litigation
Nov. 12, 2012
Case strikes blow to credit reporting agencies
The major credit reporting agencies suffered a major blow last week when a federal court in California ruled that equitable relief is allowed under the FCRA. By Kenneth Eade
The Fair Credit Reporting Act, enacted by Congress in 1971, was put into place because the banking system is dependent upon fair and accurate credit reporting and unfair credit reporting methods undermine the confidence of the public in that system. The three major credit reporting agencies, Experian, Trans Union and Equifax, suffered a major blow last week when a federal court in California ruled that equitable relief is allowed under the FCRA. ...
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