Posts Tagged "consumer"

CREDIT REPORTS MUST SHOW ZERO BALANCE WHEN DEBT IS DISCHARGED IN BK

FTC guidelines state that credit reports can include debts discharged in bankruptcy so long as they’re reported as discharged with a zero balance. 16 C.F.R. 600 app. § 607(b)(6). A consumer report need not be tailored to the user’s needs. It may contain any information that is complete, accurate, and not obsolete on the consumer who is the subject of…read more →

DID INACCURATE REPORTING COST YOU THAT JOB YOU WANTED/NEEDED?

 The Consumer Financial Protection Bureau (CFPB) has fined two of the largest employment background screening report providers, General Information Services and its affiliate, e-Background-checks.com, Inc. (BGC), for failing take basic steps to assure the information reported about job applicants was accurate. The CFPB is ordering the companies to correct their practices, provide $10.5 million in relief to harmed consumers, and…read more →