Sentences with phrase «fact consumer reporting agencies»

Not exact matches

During the Digital Lending + Investment Conference in New York, the consumer credit reporting agency Transunion released the results of a study called «Fact versus Fiction: FinTech Lenders.»

If a consumer or a debt assistance agency tries to dispute accurate facts, the credit reporting agencies will likely find out the reality during their own internal investigation.

In fact, the Fair Credit Reporting Act (FCRA) states that the credit reporting agencies must investigate any disputed entry a consumer discovers on their crediReporting Act (FCRA) states that the credit reporting agencies must investigate any disputed entry a consumer discovers on their credireporting agencies must investigate any disputed entry a consumer discovers on their credit report.

(1) A credit services organization, its salespersons, agents, and representatives, and independent contractors who sell or attempt to sell the services of a credit services organization may not do any of the following: (a) conduct any business regulated by this chapter without first: (i) securing a certificate of registration from the division; and (ii) unless exempted under Section 13 -21-4, posting a bond, letter of credit, or certificate of deposit with the division in the amount of $ 100,000; (b) make a false statement, or fail to state a material fact, in connection with an application for registration with the division; (c) charge or receive any money or other valuable consideration prior to full and complete performance of the services the credit services organization has agreed to perform for the buyer; (d) dispute or challenge, or assist a person in disputing or challenging an entry in a credit report prepared by a consumer reporting agency without a factual basis for believing and obtaining a written statement for each entry from the person stating that that person believes that the entry contains a material error or omission, outdated information, inaccurate information, or unverifiable information; (e) charge or receive any money or other valuable consideration solely for referral of the buyer to a retail seller who will or may extend credit to the buyer, if the credit that is or will be extended to the buyer is upon substantially the same terms as those available to the general public; (f) make, or counsel or advise any buyer to make, any statement that is untrue or misleading and that is known, or that by the exercise of reasonable care should be known, to be untrue or misleading, to a credit reporting agency or to any person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit, with respect to a buyer's creditworthiness, credit standing, or credit capacity; (g) make or use any untrue or misleading representations in the offer or sale of the services of a credit services organization or engage, directly or indirectly, in any act, practice, or course of business that operates or would operate as fraud or deception upon any person in connection with the offer or sale of the services of a credit services organization; and (h) transact any business as a credit services organization, as defined in Section 13 -21-2, without first having registered with the division by paying an annual fee set pursuant to Section 63J -1-504 and filing proof that it has obtained a bond or letter of credit as required by Subsection (2).

(3) Make, or counsel or advise any buyer to make, any statement that is false or misleading or that should be known by the exercise of reasonable care to be false or misleading, or omit any material fact to a consumer reporting agency or to any person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit with respect to a buyer's credit worthiness, credit standing, or credit capacity; or

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In fact, in January 2017, the Consumer Financial Protection Bureau fined credit reporting agencies TransUnion and Equifax for falsely representing that the credit scores they marketed to consumers were the same scores lenders typically use to make credit decisions.

Facts: Relying on the Limitations Act, 2002, the appellant sought an order that two consumer reporting agencies remove debts over two years old that were shown on his credit report.

The FTC has broad authority to investigate data breaches, he told the E-Commerce Times, particularly given the fact that Equifax is a credit reporting agency that deals with consumer finances, and also since Equifax has been caught up in past investigations by the agency.

The FACT Act entitles consumers to obtain one free copy of their consumer files from certain consumer reporting agencies during each 12 - month period.

(1) at the time such public record information is reported to the user of such consumer report, notify the consumer of the fact that public record information is being reported by the consumer reporting agency, together with the name and address of the person to whom such information is being reported; or

The facts showed that the college utilized the services of a background screening firm (called a Consumer Reporting Agency or CRA) to conduct a background check, including a check for criminal records, and the CRA in turn used other researchers.

The FACT Act requires each of the nationwide consumer reporting agencies (Experian, Equifax and TransUnion) to provide consumers with a free copy of their credit report as often as once every twelve months.