FCRA Violations / Compensation
Consumer Financial Protection Bureau (CFPB) Slams the Hammer on the 3 Credit Bureaus for violating these 3 FCRA (Fair Credit Reporting Act) listed below and there’s more.
Get $1,000 Per Violation!
- Credit Bureaus refuse to correct information after being provided proof. Defamation, willful INJURY.FCRA 623 Cushman vs Transunion.
- The consumer reporting agency shall notify the consumer of the reinsertion in writing not later than 5 business days after the reinsertion. FCRA 611, 5Bii
- Failing to respond to disputes within 30 days FCRA 611A1
Four types of damages you can be awarded
If you win a lawsuit, you may be entitled to a sum of money, known in the legal world as “damages.” Damages, in many cases, come in two major categories: punitive and compensatory damages. Punitive damages seek to punish the person for their wrongdoing. In contrast, Compensatory damages are intended simply to pay the person who was injured.
Actual Damages or Compensatory
Statutory (if willful): You ask to delete but they didn’t
Punitive (if willful): Punish for their actions
Attorney fees/cost: You win, they pay court cost
Secret Number 1
- Credit Bureaus don’t want you to know they must notify you of any reinsertion in writing not later than 5 business days after the reinsertion by mail or, if authorized by the consumer for that purpose, by other means available to the agency.
- Failure to notify you the Credit Bureaus will be liable under the FCRA Part (A) (5) (B) (ii).
- You can sue the Credit Bureaus and be compensated $1,000 for the Credit Bureaus violating the FCRA
Secret Number 2
- You (the consumer) are protected under the FCRA (Fair Credit Reporting Act).
- FCRA Section 611 Part (A)(1)
- You can be compensated $1,000.00 for the credit bureaus failing to do their job.
Secret Number 3
- The Credit Bureaus don’t want you to know if they refuse to correct information after being provided proof
- This is considered defamation of character and willful injury
- The FCRA Section 623 protects you (the consumer) on June 9,1997 Cushman Vs Transunion won in the Court of appeals
- To determine how much you can be compensated is deemed by the courts. The courts will evaluate the extent of the damages