Why the Revisions????
Between January 2015 and June 2015, over 1500 FCRA related Class Action Lawsuits were filed.
According to Top Class Actions, among the companies which have been named as Defendants in FCRA related class Action Lawsuits in 2014 and 2015 are the following:
- Pizza Hut
- Whole Foods
- Dollar General
- Home Depot
- Publix Super markets
- UBS Financial Services
- Allegis Group, Inc.
- Michaels Stores, Inc.
- Wells Fargo Bank
Some of these cases have been settled, some dismissed, some are active and POE reminds our clients that allegations made in class action lawsuits are not proof of violation of law. But, we must do what we can to avoid becoming members of this not so terrific club.
The most frequent allegations are:
• Authorization & Disclosure not in a “stand-alone” document
• Authorization & Disclosure containing “extraneous” information
• Not providing Pre-Adverse Action Notification & required enclosures
• Making decision to decline prior to Pre-Adverse Action Notification period