Account Number Morphing – Still Another Barrier to Accurate Consumer Credit Reporting
The Federal Credit Reporting Act [“FCRA”] makes it mandatory for Credit Reporting Agencies such as Experian, Equifax and Trans Union “to follow reasonable procedures to assure maximum possible accuracy of the information in the [consumer’s credit] report….” A willful and negligent failure to do so is violation number 1 of the FCRA. One wonders then … Read more