Cento Law, Court Cases, Credit Reporting Law, Law
Cento Law
Our recent oral argument before the Fifth ...
Our recent oral argument before the Fifth Circuit Court of Appeals
CFPB, Enforcement, Law, Credit Errors, Dispute Process, e-Oscar, Investigations, Understanding the FCRA
Cento Law
CFPB Sues Experian

On January 7, 2025, the CFPB filed a lawsuit against Experian alleging that Experian violated FCRA by failing to properly conduct reinvestigations of disputed information in consumer credit files; failing to delete inaccurate, incomplete, or unverified information in consumer credit files; failing to provide adequate written notice to consumers of the results of its reinvestigations; failing to prevent the improper reinsertion of previously deleted information from consumer credit files; and failing to follow reasonable procedures to assure maximum possible accuracy of the credit information Experian reports on consumers. In addition, the complaint alleges that Experian committed unfair acts or practices in violation of the Consumer Financial Protection Act of 2010 by (1) failing to convey consumers’ disputes to furnishers fully and accurately, and instead distorting, truncating, and mischaracterizing consumers’ disputes; (2) relying excessively on furnishers to resolve disputes, routinely doing nothing more than sending the dispute to a furnisher and implementing the furnisher’s response, despite having evidence of that furnisher’s unreliability; and (3) improperly reinserting tradelines into consumer credit reports due to its practice of failing to adequately match newly reported tradelines to tradelines that were previously deleted as a result of a dispute if the subsequent furnishing was from a new furnisher. The Bureau seeks, among other things, to bring Experian into compliance with the law, consumer redress, and the imposition of civil money penalties.

CFPB Sues Experian
Credit Reporting Law, Law, Cento Law, Understanding the FCRA
Cento Law
Understanding the FCRA: What Consumers Need to ...

Understanding the FCRA - Credit Reporting Law

Understanding the FCRA: What Consumers Need to Know About Credit Reporting Agencies
Credit Reporting Law, Credit Reporting History
Cento Law
Credit Bureaus Unveiled: The Power, ...
Credit Bureaus Unveiled: The Power, Consolidation, and Consumer Struggles from 1970 to Today
Credit Reporting Law, Cento Law
Cento Law
FCRA - The Fair Credit Reporting Act
FCRA - The Fair Credit Reporting Act

TeleCheck

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What is TeleCheck?

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TeleCheck is a check‑verification and check‑acceptance company that helps stores and other businesses decide whether to accept a check or certain bank‑account payments. It acts like a specialized consumer reporting agency that focuses on your check‑writing and bank‑account history rather than on loans and credit cards.​

What TeleCheck Does

TeleCheck keeps a database of check‑writing history and related banking data, including things like bounced checks, unpaid returned items, suspected fraud, and some account information. When you write a check at a merchant that uses TeleCheck, the merchant enters your check details and TeleCheck quickly returns an approve/decline decision based on its risk models.​

How It Affects You

If TeleCheck’s system flags you as risky (for example, prior unpaid checks or fraud alerts), your check can be declined even if you currently have money in your account. Because TeleCheck is treated as a consumer reporting agency, negative records can make it harder to pay by check or even open some accounts until issues are resolved.​

Your Rights And Disputes

You can request a copy of your TeleCheck report and dispute incorrect information, similar to how you would with a credit bureau. If a check is declined, you are entitled to an explanation and can use that information to contact TeleCheck, challenge errors in writing, and ask for corrections or removal of wrong entries.