Topic: credit reporting

Equifax Settles Charges of Unauthorized Sale of Consumer Mortgage Data

Earlier this month, the Federal Trade Commission announced a settlement with consumer reporting agency Equifax and a data reseller over the unauthorized sale of lists containing the names of mortgage holders, a violation of the Fair Credit Reporting Act. Alison Finnegan at law firm Schnader explains: “According to the [FTC] charges, Equifax sold lists of… Read more »

CFPB Update: Credit Reporting Agencies Now Subject to Heightened Scrutiny

Earlier this month, the Consumer Financial Protection Bureau issued the procedures it will use to verify that credit bureaus and other consumer reporting companies are complying with federal financial laws. It’s the latest move in the CFPB’s efforts to supervise “larger participants” in the consumer financial markets as required by the Dodd-Frank Act. According to… Read more »