The U.S. Court of Appeals for the Federal Circuit has partially lifted a preliminary injunction that prevented the U.S. Department of Education (Department) from placing defaulted student loans with private collection...more
12/15/2017
/ Appeals ,
Bid Protests ,
Borrowers ,
Collection Agencies ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Department of Education ,
Financial Institutions ,
Financial Services Industry ,
Notice of Default ,
Preliminary Injunctions ,
Student Loans
The 11th Circuit has clarified that the Fair Credit Reporting Act (FCRA) requires furnishers of credit information—like their credit reporting agency (CRA) counterparts—to conduct "reasonable" investigations of consumer...more