Francis Mailman Soumilas, P.C., recently filed a lawsuit on behalf of a Texas man against Equifax and Transworld Systems in the U.S. District Court for the Eastern District of Pennsylvania, alleging that Transworld Systems violated the U.S. Fair Debt Collection Practices Act (“FDCPA”), and that both companies violated the U.S. Fair Credit Reporting Act (“FCRA”).
The Consumer Financial Protection Bureau (CFPB) is ordering car manufacturer Hyundai Motor Group, to pay customers $19 million for repeatedly furnishing inaccurate information to credit reporting agencies from 2016 to 2020, a violation of the Fair Credit Reporting Act (FCRA). According to the decision, Hyundai knew it was reporting inaccurate information, but failed to correct
Credit reports are crucial and utilized regularly to determine an individual’s creditworthiness to secure financing, loans, employment, housing, credit, and insurance. Negative marks on your credit report lower your overall creditworthiness and score and can follow you for years, affecting a potential lender, landlord, or employer from accepting your applications. Late payment, even one, alter
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