CFPB: Credit bureaus and creditors often seek to avoid the duty to reasonably investigate consumer disputes

On November 10, 2022 the Consumer Financial Protection Bureau (CFPB) issued “Consumer Financial Protection Circular 2022-07 – Reasonable Investigation of consumer reporting disputes.” Below are key excerpts from CFPB Circular 2022-07. You can read the full document here. [Congress enacted the Fair Credit Reporting Act (FCRA)] to prevent consumers from being unjustly damaged because of […]

Credit Card Disputes and the FCRA

What happens when you have fraudulent credit card charges and your credit card issuer does not believe you? The short answer is this: you pursue your rights under the federal Fair Credit Reporting Act (FCRA). At Sherman & Ticchio, we are frequently contacted by consumers who have unauthorized/fraudulent charges on their credit reports and credit […]

New York Credit Report Lawyers – Sherman & Ticchio

Disputes and lawsuits: do you need a credit lawyer? Many consumers dispute inaccurate information to Equifax, Experian, Innovis, and TransUnion. What these consumers don’t realize is that the dispute process is a lose-lose. Essentially, there are two possible outcomes to a dispute: either the credit bureau verifies that the information is accurate or deletes the […]