News & Analysis as of

State Attorneys General Credit Reports

Goodwin

2024 Year in Review - Overview: 2024 Lessons and 2025 Emerging Trends

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Welcome to the “Overview: 2024 Lessons and 2025 Emerging Trends” chapter of our annual report, Consumer Financial Services: 2024 Year in Review. As Goodwin predicted in our previous year in review, the enforcement and...more

Orrick, Herrington & Sutcliffe LLP

New York AG obtains $725K settlement from CRA for inaccurate credit score reporting due to coding error

On January 14, the Attorney General of New York published an assurance of discontinuance between itself and a credit reporting agency resolving an investigation related to an alleged coding error that caused the credit...more

Goodwin

New York Attorney General Reaches $725,000 Settlement with Credit Reporting Provider to Resolve Allegations of Inaccurate Credit...

Goodwin on

On January 14, 2025, New York Attorney General Letitia James announced that the state had entered into a settlement​ with a national credit reporting provider​ to resolve allegations that the provider had ​harmed consumers by...more

Cozen O'Connor

CFPB Finalizes Rule to Limit Impact of Medical Debt on Credit Reporting

Cozen O'Connor on

The CFPB has finalized a rule amending regulations under the Fair Credit Reporting Act to address the use and reporting of medical information in credit decisions. The Prohibition on Creditors and Consumer Reporting Agencies...more

Cozen O'Connor

Auto Financing in the Headlights of CFPB Report

Cozen O'Connor on

The CFPB issued a Supervisory Highlight detailing findings related to potentially illegal practices by auto-finance companies. The Supervisory Highlight’s key observations include that certain auto-finance companies allegedly...more

Cozen O'Connor

The State AG Report – 09.26.2024

Cozen O'Connor on

Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •California Sues Exxon for Allegedly Fueling Plastics...more

Cozen O'Connor

New California Law Keeps Medical Debt Off Consumer Credit Reports

Cozen O'Connor on

A bill co-sponsored by California AG Rob Bonta which prohibits consumers’ medical debt from being reported on credit reports was signed into law and will go into effect on January 1, 2025. ...more

Cozen O'Connor

The State AG Report – 6.20.2024

Cozen O'Connor on

Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •GOP AGs Seek to Black Out FERC’s Electrical Transmission &...more

Troutman Pepper Locke

California Attorney General Sponsors Bill Banning Credit Reporting of Medical Debt

Troutman Pepper Locke on

On April 2, the California Senate Judicial Committee passed Senate Bill 1061. The bill seeks to prevent health care providers and contracted collection agencies from providing information about patients’ medical debt to...more

Cozen O'Connor

The State AG Report 7.28.2022

Cozen O'Connor on

Here are this week’s curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •NAAG Taps Kane As Executive Director- ...more

Cozen O'Connor

The State AG Report – 1.20.2022

Cozen O'Connor on

Here are last week’s curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •Student Loan Servicer Agrees to Cancel $1.7...more

Cozen O'Connor

CFPB Releases Annual Report of Credit and Consumer Reporting Complaints

Cozen O'Connor on

The CFPB released its annual report of credit and consumer reporting complaints, focusing on how national consumer credit reporting bureaus respond to consumer complaints submitted through the CFPB about incomplete or...more

Jaburg Wilk

Using Credit Reporting as Debt Collection Strategy Has Changed

Jaburg Wilk on

Credit scores are important and frequently determine interest rates and can even impact insurance rates. For many years, judgment creditors could enforce their judgments in a variety of ways. Prior to 2017, judgment creditors...more

Ballard Spahr LLP

State AGs Send Warning To Nationwide CRAs And Furnishers Regarding FCRA Enforcement

Ballard Spahr LLP on

Twenty-one state attorneys general and the District of Columbia attorney general have sent a letter to the three nationwide consumer reporting agencies (CRAs) “to remind them” of their legal obligations under federal and...more

Ballard Spahr LLP

State AGs ask Director Kraninger to withdraw CFPB COVID-19 credit reporting guidance

Ballard Spahr LLP on

A group of attorneys general (AGs) from twenty-one states, the District of Columbia, and Puerto Rico has sent a letter to CFPB Director Kraninger requesting that the CFPB immediately withdraw its guidance regarding credit...more

Ballard Spahr LLP

Nevada regulator and AG seek dismissal of lawsuit filed by trade groups challenging Nevada law allowing applicant to rely on...

Ballard Spahr LLP on

The Commissioner of the Financial Institutions Division of the Nevada Department of Business and Industry and the Nevada Attorney General have filed a motion to dismiss the lawsuit filed last month in Nevada federal court by...more

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