Since the COVID-19 crisis started, the Murphy Law Firm has been receiving many calls from worried consumers. Many people are rightly concerned that the loss of income will result in damage to credit reports as accounts go into arrears. The COVID-19 crisis will damage the credit reports of tens of millions of consumers, who will… Read More »
FTC Approves Final Order Settling Charges Against Equifax Information Services LLC Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Equifax Information Services, LLC violated the Fair Credit Reporting Act (“FCRA”) and Section 5 of the Federal Trade Commission Act by improperly selling lists of millions of… Read More »
Credit Report Errors A Federal Trade Commission study of the U.S. credit reporting industry found that five percent of consumers had errors on one of their three major credit reports that could lead to them paying more for products such as auto loans and insurance. Overall, the congressionally mandated study on credit report accuracy found… Read More »