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
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6 Tips for Escrowees to Achieve a Quick Agreed Dismissal
When a real estate sale fails to close, buyers and sellers sometimes disagree as to who is at fault. While real estate contracts invariably contain provisions governing disposition of the earnest money that are designed to protect the escrowee, it is crucial for the escrowee, caught in the middle of conflicting claims to the earnest money, to proceed carefully. Otherwise, the escrowee may find itself with an inadequate award for its attorney’s fees and costs.
A battle for the earnest money (along with all of the other relief each allegedly aggrieved party seeks) naturally ensues. The escrowee is commonly and…
Continue Reading 6 Tips for Escrowees to Achieve a Quick Agreed Dismissal