Stop Errors in Credit Use and Reporting (SECURE) Act Introduced by Sherrod Brown

Senator Sherrod Brown of Ohio, has introduced the Stop Errors in Credit Use and Reporting (SECURE) Act to ensure that all have accurate information on their credit report to ensure they are being treated fairly. According to the article published by Senator Brown, “[t]he SECURE Act would require credit reporting agencies to improve their processes […]

Filing of Plaintiff’s Motion to Compel against Experian in consumer credit reporting case | Dixon v. Experian and Green Tree

Wilson v. Experian and Green Tree Recently, the consumer, represented by the attorney-authors, in this credit reporting case brought under the Fair Credit Reporting Act filed a Motion to Compel Production of Documents against Experian Information Solutions, Inc. Please contact attorney G. John Cento at cento@centolaw.com or (317) 908-0678 if you have any questions about the case. […]

Consumer Financial Protection Bureau to Hold Consumer Advisory Board Meeting

The Consumer Financial Protection Bureau (CFPB) will be holding a Consumer Advisory Board Meeting on February 27, 2014 in Washington, D.C. The agenda for the meeting indicates an open session to the public (RSVP’s required) on Protecting Consumer Credit Profiles. CFPB Director, Richard Cordray is scheduled to speak about the consumer experience in the credit […]

Identity Theft…

When an identity is stolen, the theft usually leads to the fraudulent use of personal identifying information. The use of stolen information such as name, Social Security number, and date of birth fall victim to identity theft when used to obtain electricity, gas, open a checking account, and even attain employment. When new accounts are open, […]

New CFPB Bulletin Issues Strong Warning to Furnishers of Consumer Credit Information

The Consumer Financial Protection Bureau (the “CFPB”) has issued a Bulletin, dated September 4, 2013, to companies that furnish information to consumer reporting agencies (“CRAs”) regarding furnisher obligations under the Fair Credit Reporting Act (the “FCRA”). The Bulletin is intended to deal specifically with the FCRA requirement that furnishers are required to “review all relevant […]

The Consumer Financial Protection Bureau’s Reports on Received Complaints

In July of 2011, the Consumer Financial Protection Bureau (CFPB) became the first federal agency to oversee credit reporting agencies such as Equifax, Experian, and Trans Union. The CFPB receives complaints directly from consumers relating to credit reporting, mortgages, bank accounts and services, private student loans, consumer loans, and money transfers. In July 2013, the […]

National Legal News – $18. 6 Million Verdict Against Equifax for Not Fixing a Mixed Credit Report

A federal jury recently awarded Julie Miller of Oregon with $18.6 Million. The multimillion dollar verdict was a result of a case filed against Equifax for mixing (or merging) credit information belonging to a different Julie Miller and not fixing the inaccuracies after Julie Miller disputed it. The case alleged violations of the Fair Credit […]

Challenging the Accuracy of Bankruptcy Credit Reporting | Indiana Consumer Files Lawsuit Against Experian and Green Tree | Bankruptcy Reaffirmations and Ride Throughs

FOR IMMEDIATE RELEASE Challenging the Accuracy of Bankruptcy Credit Reporting | Indiana Consumer Files Lawsuit Against Experian and Green Tree | Bankruptcy Reaffirmations and Ride Throughs July 2, 2013 Today, Cento Law, LLC attorney G. John Cento filed a lawsuit against Experian Information Solutions, Inc. and Green Tree Servicing, LLC alleging numerous violations of the […]

Consumer Reporting Agencies

The term “consumer reporting agencies” is a statutory term defined by the Fair Credit Reporting Act (the “FCRA“). Consumer reporting agencies are often referred to as “credit bureaus” or “credit reporting agencies.” Under the FCRA, a consumer reporting agency is a company that collects information and provide reports on consumers that are most often used to […]