Fair Credit Reporting Act
Car dealers have been "shopping" their deals with multiple lenders for years. Their customers don't necessarily know which lenders will get a shot at these loans, and they usually don't care, if they get the financing they want to buy their cars.
This case, decided on September 7, 2005, by the U.S. Court of Appeals for the Seventh Circuit, does not directly involve a financial institution, although credit information supplied by US Bank was the trigger that set off the suit.
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On 2/11/04, the 4th Circuit Court of Appeals handed down its decision in this appeal, affirming a judgment entered against MBNA following a jury verdict in favor of plaintiff Johnson on a claim that MBNA violated the Fair Credit Reporting Act by f
We have included this case, which does not directly involve a financial institution, because it provides a good opportunity to focus your attention on two factors: the need to guard against abuse of credit report access and the need to do backgrou
The issue in the case was whether the FCRA creates a cause of action for a consumer against a furnisher of credit information.
The 6th Circuit Court of Appeals finds that an employer may be subject to vicarious liability for unauthorized access to a credit report by an employee.