Fair Credit Reporting Act
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10th Circuit raises bar for fraud victims to sue debt collectors over inaccurate information
The Denver-based federal appeals court wiped away a jury’s $500,000 award to a fraud victim on Monday and made it more difficult for consumers to hold companies liable for disseminating inaccurate credit information. The Fair Credit Reporting Act regulates credit reporting agencies’ collection of consumers’ information and also covers entities that provide data to those…
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Federal judge dismisses background screeners’ challenge to Colorado law
A federal judge dismissed a challenge on Friday to a portion of Colorado law that prohibits certain information from being included in consumer reports, in what seemed to be a conflict with federal law. Congress originally enacted the Fair Credit Reporting Act in 1970, with the goal of requiring consumer reporting agencies to adopt reasonable procedures…