Fifth Circuit Court of Appeals Holds Fair Credit Reporting Act Suit Time Barred

Fifth Circuit Court of Appeals Holds Fair Credit Reporting Act Suit Time Barred

In Mack v. Equable Ascent Financial, L.L.C., the Fifth Circuit ruled the consumer’s suit was barred under the Fair Credit Reporting Act’s two-year statute of limitations.  Rejecting the plaintiff’s claim that the statute does not begin to run when the consumer discovers the facts that constitute the legal violation, the Court of Appeals held that the limitations period begins to run when a claimant discovers facts that give rise to the claim.