The U.S. Fair Credit Reporting Act (15 U.S.C. § 1681) (“FCRA”) touches the lives of your clients every day. Signed into law by President Richard Nixon in October 1970, the FCRA regulates consumer reporting agencies, users of consumer reports, and entities that furnish consumer information. Under the statute, traditional credit reports, as well as employment
No matter how cautious you are, identity theft is a real possibility. The Federal Trade Commission (FTC) received over 4.7 million fraud reports in 2020, and identity theft was the top category, making up almost 30 percent of reported cases. Identity theft occurs when someone uses your personal information to file taxes, apply for a
Francis Mailman Soumilas, P.C. co-founder Jim Francis recently lent his expertise to the Philadelphia Inquirer regarding the changes to medical debt reporting that took effect July 1. Experian, TransUnion, and Equifax, the three largest credit reporting agencies, announced that new and existing medical debt will now be removed from credit reports as soon as it
Francis Mailman Soumilas, P.C., recently filed a lawsuit on behalf of a Tennessee woman against Trans Union, LLC, Equifax Information Services LLC, Experian Information Solutions, Inc., and Genesis FS Card Services, Inc., in the U.S. District Court for the Eastern District of Pennsylvania, alleging the companies violated the U.S. Fair Credit Reporting Act. According to
On June 16, 2022, Kaiser Health News (KHM) reported on seven individual stories that reflect how the United States Health Care System pushes patients into medical debt on a mass scale. In addition to stating that more than 100 million Americans are affected by medical debt, the report highlights how medical debt can strike anyone
The U.S. Department of Transportation (DOT) regulates the massive commercial trucking industry to ensure safety and efficiency practices within the industry and for the general public. Companies that employ commercial drivers to deliver goods throughout the country are subject to DOT-enforced background screening requirements on all drivers who hold Class A, B, C, and HAZMAT
Francis Mailman Soumilas, P.C., recently filed a lawsuit on behalf of a Kentucky woman against LexisNexis Risk Solutions Inc. and Experian Information Solutions, Inc., in the U.S. District Court for the Northern District of Georgia, alleging the companies violated the U.S. Fair Credit Reporting Act. According to the complaint in the lawsuit, LexisNexis and Experian
Francis Mailman Soumilas, P.C., recently filed a lawsuit on behalf of a California man against TransUnion, Experian Information Solutions, Inc., and AmerAssist A/R Solutions, Inc., in the U.S. District Court for the Eastern District of Pennsylvania, alleging the companies violated the U.S. Fair Credit Reporting Act. According to the complaint in the lawsuit, Experian, TransUnion,
Nearly 18 million Americans have been affected by a rise of consumer fraud on the money transfer platform Zelle, as well as the ongoing failure by the big banks that own the service to address the scams and provide appropriate redress to defrauded consumers. On April 26, 2022, U.S. Senators Bob Menendez, a senior member of the
The Office of Foreign Assets Control (OFAC) is a branch of the U.S. Department of the Treasury that administers, implements, and enforces economic sanctions against countries and individuals who are prohibited from conducting business in the United States including terrorists, money launderers, arms dealers and narcotics traffickers. An OFAC alert may appear on your credit report if your name