Credit Reporting Agency Argues Consumer Protection FCRA is Unconstitutional

In this case the plaintiff alleges the defendant, a credit reporting agency, disclosed prohibited information to an prospective employer and in defense the credit reporting agency claims that the Fair Credit Reporting Act FCRA is unconstitutional.  This ought to be interesting. Apparently, the US Government has now intervened and now involved.  We will keep you posted:  For more on the case you can find it here.  Ans for those with credit related questions, for a free credit repair evaluation, contact Consumer Credit Capital.

Supreme Court Denies Credit Report Case

Supreme Court Denies BofA Unit Appeal In Credit Report Case

By Maya Jackson Randall, Of DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- The U.S. Supreme Court on Monday rejected a Bank of America Corp. (BAC) unit's appeal of a ruling that allowed a California consumer to sue the company for allegedly reporting inaccurate information to credit bureaus.................................

.....................The case grew out of a consumer's 2002 quarrel over a television purchase. John Gorman bought a satellite TV using a Visa credit card issued by MBNA, the Bank of America subsidiary now known as FIA. But the TV was defective, according to Gorman. He disputed the charges, which amounted to several hundred dollars and, according to court documents, vowed to never pay the disputed charge. In 2004, MBNA reported his delinquencies to the credit bureaus. Later that year, Gorman sued MBNA, alleging violations of the Fair Credit Reporting Act. By not alerting the credit bureaus that the debt was part of an ongoing dispute, the information MBNA provided was inaccurate, Gorman argued.................

........... because the bank still did not point out the dispute even after Gorman challenged the information and the bank conducted its own investigation, Gorman could proceed with a lawsuit, the court said. The Supreme Court let that ruling stand without comment. Read more here at the link: And Here

Credit repair Texas deals with these issues every day. For more on credit repair texas visit them at their website. And for more on the Fair Credit Reporting Act here at the link: FCRA