FCRA was enacted to protect consumers from errors

Post Reply
David A. Szwak
Posts: 4126
Joined: Tue Jul 26, 2005 4:15 am

FCRA was enacted to protect consumers from errors

Post by David A. Szwak »

In Cairns v. GMAC Mortg. Corp., Slip Copy, 2007 WestLaw 735564 [U.S.D.C. Ariz. 2007] (No. CIV 04-1840-PHX-SMM.), the court stated: “Equifax is a national consumer credit reporting agency that assembles and produces credit reports for use by its clients in evaluating the potential credit risk of consumers. As a consumer reporting agency, Equifax is governed by the Fair Credit Reporting Act, 15 U.S.C. 1681, et seq. (“FCRA”). The FCRA was enacted to protect consumers from the transmission of inaccurate information about them. Kates v. Croker Nat'l Bank, 776 F.2d 1396, 1397 (9th Cir.1985). It was the product of congressional concern over abuses in the credit reporting industry. Guimond v. Trans Union Credit Information Co., 45 F.3d 1329, 1332 (9th Cir. 1995). The FCRA has a legislative history steeped in evidence of congressional intent to protect consumers from the transmission of inaccurate information. Id. Its contributors sought to create legislation to establish accurate, relevant, and current reporting practices. Id.”
David A. Szwak
Bodenheimer, Jones & Szwak, LLC
416 Travis Street, Suite 1404, Mid South Tower
Shreveport, Louisiana 71101
318-424-1400 / Fax 221-6555
President, Bossier Little League
Chairman, Consumer Protection Section, Louisiana State Bar Association
Post Reply

Return to “FCRA Statute And Amendments: 15 U.S.C. 1681, et. seq.”