Category Archives: Consumer Protection

Credit Reports

The Fair Credit Reporting Act requires consumer reporting agencies to follow reasonable procedures to assure maximum possible accuracy of consumer reports and imposes liability on wilful failures to comply with the act. However, as the US Supreme Court recently stated, the consumer must establish an injury in fact, traceable to the agency, which can be redressed by a favorable court decision. In other words, the consumer must show that they were denied credit, a job or housing due to the defective credit report, and that the court can fix that either with a money judgment or injunctive relief. See Spokeo, Inc. v. Robins, Supreme Court of the US, No 13-1339, decided 5/16/2016.