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Published Article

Navigating the FCRA in the heavy wake and possible undertow of the CARES Act changes to the FCRA

Read Time: 1 min

Joseph Apatov (Fort Lauderdale) and Gregg Stevens (Dallas) co-authored an article addressing the CARES Act amendment to the Fair Credit Reporting Act (FCRA) in Westlaw’s Consumer Financial Service Law Report.

The amendment adds Section 1681-s(2)(a)(1)(F): a temporary reporting requirement for furnishers of credit information concerning consumers affected by COVID-19. See Section 4021 of the CARES Act.

Due to its placement in the CARES Act as the section immediately preceding similar sections concerning foreclosures, evictions, and mortgage forbearance, it appears some have misinterpreted the scope of Section 4021 as limited to mortgage loans. However, this is a mistake because Section 4021 has no such limitation, it is applicable to all furnishers.

Read the full article here: “Navigating the FCRA in the heavy wake and possible undertow of the CARES Act changes to the FCRA.”

Insights

Presentation

Minimizing Liability Under the FCRA Amid a Recent Uptick in Credit Reporting Litigation and a Likely COVID-19-Related Surge

September 23, 2020

Megan Starace Ben’Ary (Washington, DC) will co-present “Minimizing Liability Under the FCRA Amid a Recent Uptick in Credit Reporting Litigation and a Likely COVID-19-Related Surge” on September 23, 2020, during the ACI 32nd Advanced Forum on Consumer Finance Class Actions, Litigation & Government Enforcement Actions. Megan and her co-panelists will: Offer insight into increased federalMore

Published Article

Navigating the FCRA in the heavy wake and possible undertow of the CARES Act changes to the FCRA

May 5, 2020

Joseph Apatov (Fort Lauderdale) and Gregg Stevens (Dallas) co-authored an article addressing the CARES Act amendment to the Fair Credit Reporting Act (FCRA) in Westlaw’s Consumer Financial Service Law Report. The amendment adds Section 1681-s(2)(a)(1)(F): a temporary reporting requirement for furnishers of credit information concerning consumers affected by COVID-19. See Section 4021 of the CARES Act. DueMore

Alert

FCRA Enforcement and the CARES Act

April 6, 2020

Amongst the many provisions of the CARES Act is an amendment to the Fair Credit Reporting Act that adds a temporary reporting requirement for furnishers of credit information concerning consumers affected by COVID-19.