by Eric J. Ellman | Nov 13, 2020
New York City Councilmember Laure Cumbo (D-Queens/Crown Heights), who is also the majority leader, introduced Intro. 1894-2020, which was heard on Nov. 13, 2020 in the Committee on Technology. CDIA filed a letter of opposition with the committee in connection with...
by Eric J. Ellman | Sep 3, 2020
In October 2020, the OCC released its final rule, the “True Lender Rule.” The final rule, effective 60-days from publication in the Register, will help “to determine when a national bank or Federal savings association (bank) makes a loan and is the “true lender,”...
by Eric J. Ellman | Dec 26, 2019
In September 2019, CDIA filed suit against the State of Texas challenging the validity of a law that changes the way medical debt is reported to credit bureaus. The Texas law is preempted by the FCRA. In October, the state filed its motion to dismiss, which was...
by Eric J. Ellman | Dec 1, 2019
In December 2019, the CFPB issued Supervisory Highlights Consumer Reporting Special Edition, Issue No. 20 (Fall 2019). The report addresses several issues. Under Supervisory Observations at Furnishers, the report addresses Reasonable, written policies and procedures;...
by Eric J. Ellman | Oct 1, 2019
In October 2019, CDIA filed suit against the State of New Jersey challenging the validity of a new law that seeks to impose obligations on the nationwide consumer reporting agencies to provide credit reports to consumers in New Jersey in at least 11 languages other...
