Plaintiffs pursuing claims under the Fair Credit Reporting Act (“FCRA”) (15 U.S.C. § 1681, et seq.) commonly sue “furnishers” along with the consumer reporting agencies. With some exceptions, a “furnisher” is defined as “an entity that furnishes information relating to consumers to one or more consumer reporting agencies for inclusion in a consumer report”. A frequent scenario involves a plaintiff who alleges that he was the victim of identity theft such that a defaulted account has been inaccurately reported as belonging to him on credit reports. The plaintiff typically alleges that he notified the CRAs as well as the furnisher…
Continue Reading 3 Ways for Furnishers Under FCRA to Watch for Overstated Statutory Damages