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CFPB and FTC File Joint Amicus Brief in 3rd Circuit FCRA Case

The CFPB and FTC filed an amicus brief in a Third Circuit FCRA case asserting the furnishers are required to investigate any dispute forwarded to them by a credit reporting company and cannot avoid that obligation by asserting the dispute is frivolous. The agencies argued that the text of the FCRA is unambiguous and that nothing in the statute would exempt furnishers from investigating a dispute because it deems the dispute frivolous or inadequately supported.

 

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Posted Under: Legal Issues

Post By Ken Shafton (2,052 Posts)