consumer reporting agency

A Pennsylvania district court has ruled that a company that provides reports based on a search of public records is a “consumer reporting agency” (CRA) as defined by the Fair Credit Reporting Act.

In McGrath v. Credit Lenders Service Agency, Inc., the plaintiffs applied to a bank for a loan to refinance their home mortgage. … Continue Reading

The CFPB has announced that its complaint system has begun taking complaints about credit reports.  The issues a consumer can select to describe his or her complaint are: (1) incorrect information on the consumer’s credit report, (2) a consumer reporting agency’s investigation, (3) improper use of a credit report, (4) inability to obtain a credit report or credit score, and (5) problems with credit monitoring or identity protection services. … Continue Reading