Archive for September 25th, 2013

September 25, 2013

Sovern Quoted on the Fair Credit Reporting Act

Professor Jeff Sovern was quoted in a story on Law360.com, CFPB’s Credit Report Warning Puts Retailers On Notice.  The article explained: 

Courts already have been interpreting the Fair Credit Reporting Act to mean that all data furnishers regardless of their primary business are required to conduct a “reasonable investigation” when an item on a report is disputed, said Jeff Sovern, a professor at St. John’s University School of Law.

Although the extent of the CFPB’s authority over nonfinancial firms may come under scrutiny, “given how reasonable its interpretation [of the FCRA] seems, courts should arrive at the same conclusion anyway,” Sovern said.

Sovern_lores

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