On January 16, 2014, the Federal Trade Commission announced a settlement with TeleCheck Services, Inc., and its affiliated debt-collection entity, TRS Recovery Services, Inc. (collectively, “TeleCheck”).
Last month plaintiffs’ counsel filed a Motion for Preliminary Approval of a Proposed Class Action Settlement against two Verisk Analytics companies — Intellicorp Records, Inc. and Insurance Information Exchange, LLC — for alleged violations of the Fair Credit Reporting Act (“FCRA”)
The refrain from the Rolling Stones’ iconic song “Satisfaction” reportedly was inspired by a phrase from a Chuck Berry ditty “I can’t get no satisfaction from the judge….”
On August 15, 2013 the Federal Trade Commission announced a settlement with Cetergy Check Services, Inc. (“Cetergy”) stemming from allegations that Cetergy violated various provisions of the Fair Credit Reporting Act (“FCRA”). The settlement agreement includes a $3.5 million civil penalty for “knowing violations … that constituted a pattern or practice of violations.”
Ninth Circuit Reverses Approval of Class Settlement: Incentive Awards to Representatives Cannot Be Conditioned On Supporting Settlement
The U.S. Court of Appeals for the Ninth Circuit recently reversed a district court’s approval of a class action settlement in a case involving claims under the Fair Credit Reporting Act and its California counterpart.
On May 7, 2013, the Federal Trade Commission announced that it issued letters to ten data broker companies warning that their practices could violate prohibitions against selling consumer information under the Fair Credit Reporting Act (“FCRA”).
The Federal Trade Commission (FTC) recently announced that it is issuing Warning Letters to certain companies who may not be complying with the Fair Credit Reporting Act (FCRA).
SEC and CFTC Impose New Identify Theft Regulations Requiring Investment Advisory Firms to Consider Updates to Policies and Procedures
On April 10, 2013, the Securities and Exchange Commission (“SEC”) and Commodity Futures Trading Commission jointly adopted and announced new identity theft red flag regulations, which are being imposed pursuant to their respective authority under Dodd-Frank Act and the Fair Credit Reporting Act (“FCRA”).
Going through bankruptcy is traumatic enough; doing so and still having your credit report still list your discharged debts as “delinquent” is enough to drive some people to litigation.