New York Issues Regulation to Protect New Yorkers from Data Breaches at Credit Reporting Agencies

Written By ESR News Blog Editor Thomas Ahearn On June 25, 2018, New York Governor Andrew M. Cuomo announced that the state’s Department of Financial Services (DFS) issued a final regulation to protect New Yorkers from the threat of data breaches at credit reporting agencies such as the massive Equifax data breach that exposed the personal …

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National Credit Reporting Agencies to Remove All Tax Liens from Consumer Credit Reports in April 2018

Written By ESR News Blog Editor Thomas Ahearn In March 2017, ESR News reported that national credit reporting agencies (NCRAs) Equifax, Experian, and TransUnion had announced the implementation of enhanced standards for the collection and timely updating of public record data included in consumer credit reports as part of the National Consumer Assistance Plan (NCAP) …

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CFPB Report Focuses on Removal of Civil Public Records from Credit Reports

Written By ESR News Blog Editor Thomas Ahearn On February 22, 2018, the Consumer Financial Protection Bureau (CFPB) – a U.S. government agency responsible for consumer protection in the financial sector – released the latest Quarterly Consumer Credit Trends report that focused on the removal of civil public records from consumer credit reports.

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Data Breach Protection and Information Security Will Be Critical Issues for Screening Firms in 2018

Written By ESR News Blog Editor Thomas Ahearn On September 7, 2017, nationwide credit reporting agency Equifax announced that a massive data breach incident had impacted approximately 143 million Americans – almost half of the country –  a number that grew to include 145.5 million people in the U.S. The need for background screening firms to ensure …

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New York Proposes Regulations for Credit Reporting Agencies in Response to Equifax Data Breach

Written By ESR News Blog Editor Thomas Ahearn In response to the massive Equifax data breach that exposed the personal data of approximately 143 million U.S. consumers – almost half the country – Governor Andrew Cuomo has directed the New York Department of Financial Services (NYDFS) to issue a proposed regulation that would require credit reporting agencies …

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Congress Considers FCRA Liability Harmonization Act to Amend Fair Credit Reporting Act to Limit Damages in Class Action Lawsuits

Written By ESR News Blog Editor Thomas Ahearn On September 7, 2017 – ironically the same day nationwide credit reporting agency Equifax announced it had suffered a massive data breach – Congress held a hearing entitled “Legislative Proposals for a More Efficient Federal Financial Regulatory Regime” to consider six proposals including one called “The FCRA …

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Consumer Files Lawsuit Claiming Credit Reporting Agencies Failed to Remove Dispute Language from Credit Report

Written By ESR News Blog Editor Thomas Ahearn On May 23, 2017, a consumer filed a complaint in the U.S. District Court for the Western District of Louisiana against two of the three major credit reporting agencies claiming “she was damaged because her credit report was not updated per her request,” according to a report from …

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Appeals Court Finds No Concrete Injury in FCRA Lawsuit Over Incorrect Information on Credit Report

Written By ESR News Blog Editor Thomas Ahearn On May 11, 2017, the U.S. Court of Appeals for the Fourth Circuit decided in Dreher v. Experian Information Solutions, Inc., et al that the plaintiff’s claim that Experian violated the federal Fair Credit Reporting Act (FCRA) by listing a defunct company on his credit report – thus …

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Lawsuit Claims Three Credit Reporting Agencies Allegedly Violated FCRA by Reporting Old Debt

  Written By ESR News Blog Editor Thomas Ahearn An Illinois woman has filed a lawsuit filed against the three major nationwide credit reporting agencies – Equifax, Experian, and TransUnion – claiming that they allegedly violated the federal Fair Credit Reporting Act (FCRA) by failing to observe her bankruptcy and reporting discharged debt, according to …

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Three Major Credit Reporting Agencies to Implement Enhanced Public Record Data Standards on July 1

  Written By ESR News Blog Editor Thomas Ahearn Three major national credit reporting agencies in the United States – Equifax, Experian, and TransUnion – will implement enhanced public record data standards for consumer credit reports beginning on July 1, 2017, according to a statement from the Consumer Data Industry Association (CDIA).

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