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FTC Reaches Settlement on Charges Under the Fair Credit Reporting Act and FTC Act Against Seller and Buyers of Consumer Financial Information

On October 15, 2012 by Schnader

Last week, the Federal Trade Commission, Equifax Information Services LLC and a company and its affiliates that purchased and resold customer lists of consumers who were late on their mortgage payments, settled charges that the customer lists were bought and resold in violation of the FTC Act and Fair Credit Reporting Act. This Alert discusses the settlement and how it may affect entities who sell or buy consumer reports.

Please click here to read the full Alert.

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