Emergency Response Teams and the Fair Credit Reporting Act
GDB Firm Blog
APRIL 22, 2019
If a debtor disputes a loan, the FCRA prohibits a creditor from reporting the loan to a credit bureau without also reporting the dispute. Assume that a creditor assembles a report of outstanding loans on Monday. Wanting to make sure that all the data is accurate, the creditor spends the week verifying the report and files it with the credit bureau on Friday.
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