Plaintiff in a class action lawsuit filed against Equifax in Virginia has successfully obtained class certification of her claims. The lawsuit alleges that Equifax misreported the status of certain state court judgments. The certified class consists of consumers who told Equifax of a disposed state court judgment before Equifax published an inaccurate report between February 2008 and February 2013.
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 for collecting
Class Action Against Experian, Wells Fargo and Citimortgage Challenging Accuracy of Reporting of Consumer Short Sales
Cento Law, LLC attorney G. John Cento, through local California counsel, filed a class action lawsuit against Experian Information Solutions, Inc., Wells Fargo Bank and Citimortgage alleging numerous violations of the Fair Credit Reporting Act. In the suit, Plaintiff alleges the consumer reporting agency, Experian, and credit data furnishers, Wells Fargo and Citimortgage, inaccurately reported his short sale on his credit report
40 Million Americans Have Mistakes on Their Credit Reports | Is your credit report accurate?
A new government study reports that over 40 million Americans have mistakes on their credit reports; and 20 million Americans have serious mistakes on their credit reports. Just before the government study was released, 60 Minutes aired a story about their investigation into the credit reporting industry. As explained by 60 Minutes, both the government study (which was conducted by the Federal Trade Commission and was the largest and most comprehensive such study ever done on the credit reporting industry) found these mistakes are often almost impossible to remove from your credit file.