DEBT COLLECTORS’ NEW CREDIT REPORTING POLICY SHORTENS TIME FOR NEGATIVE CREDIT INFORMATION

Debt Collectors' New Credit Reporting Policy Shortens Time for Negative Credit Information on Consumers' Credit Reports Encore Capital Group, Inc. announced a change in its credit reporting policies for consumers.  Encore's subsidiaries include: Midland Credit Management; Midland Funding, Asset Acceptance; Atlantic Credit & Finance. According to the Encore press release, "A significant challenge with current [...]

Court Denies RentGrow’s Motion to Dismiss Under Spokeo

In a recent decision, a district court denied a user's motion to dismiss citing Spokeo under the Fair Credit Reporting Act ("FCRA"). Green, III v. Rentgrow, Inc. and Trans Union, LLC, Case No.: 2:16-cv-421 (E.D. Va, Nov. 10, 2016). Facts:  Walter Green, III, received a credit monitoring alert that RentGrow obtained a copy of his [...]

CFPB KEEPS ENFORCEMENT POWER

The U.S. Court of Appeals for the District Court of Columbia held the Consumer Financial Protection Bureau (CFPB) can keep its powers.  On October 11, the court of Appeals held that while the CFPB's single director director removable only for cause structure is unconstitutional,  other portions of the statute authorizing the CFPB are constitutional.  In PHH Corp. [...]

HOLIDAYS PRIME TIME FOR IDENTITY THEFT

Holidays are prime time for identity thieves.  The BBB in North Alabama is warning residents not to fall for scams involving online shopping sites, bogus charities and phishing e-mails.  “We’re all looking for a great deal online, but some sites offer electronics or luxury goods at prices that are too good to be true,” Mason [...]

HURRICANE KATRINA ID THIEF INDICTED BY FEDS

Former Louisiana resident, Shantell Moses, was charged with four counts by a federal grand jury for fraud and identity theft.  The indictment alleges Ms. Moses fraudulently applied for disaster assistance funds from the American Red Cross on eleven (11) separate occasions between September and October 2005. The Red Cross made disaster assistance funds of up to $1,565 available to [...]

MT. OLIVE MAN ON THE RUN – CHARGED WITH ID THEFT

The Jefferson County Sheriff's Office has issued a be on the lookout for a Mt. Olive, Alabama man.  According to the identity theft charges, Steven Harrison Coleman assumed the identity of a man incarcerated in a criminal mental facility in Mississippi.  Coleman is wanted by the Sheriff’s Office Identity Theft Unit.  The charges against Coleman include criminal possession of a [...]