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Fcra

All articles tagged with #fcra

business1 month ago•3 min saved

FTC Slaps Amazon with $2.25 Million Penalty for Blocking Identity Theft Victim Records

The Federal Trade Commission announced a $2.25 million civil penalty against Amazon for allegedly blocking or delaying identity theft victims from obtaining records of fraudulent transactions and failing to provide them within the 30-day period required by the Fair Credit Reporting Act; the proposed order requires timely access to records for victims and law enforcement, and notification to affected customers, with prior penalties in the company’s history related to privacy and other issues.

via BleepingComputer|

#amazon #business #fcra

legal-news6 months ago•33 min saved

Wells Fargo settles CARES Act FCRA case for $56.85M

Wells Fargo has agreed to a $56.85 million class action settlement to resolve FCRA claims that it inaccurately reported CARES Act forbearances; California mortgagors with current loans who received CARES Act forbearances may share in the net settlement, with a March 25, 2026 claim/exclusion deadline and a final approval hearing on April 17, 2026.

via Class Action Lawsuits|

#cares-act #credit-reporting #fcra

technology7 months ago•3 min saved

Eightfold AI sued over alleged unnotified applicant screening reports

Two California job seekers sue Eightfold AI, alleging its hiring platform creates screening reports from vast data without notice or a chance to dispute, potentially violating the Fair Credit Reporting Act and state credit-reporting laws; the suit seeks a nationwide class and notes that about a third of Eightfold’s customers are Fortune 500 firms. Eightfold says it uses data provided by users and does not scrape social media.

via Reuters|

#ai-hiring #class-action #eightfold-ai

privacy-and-security1 year ago•2 min saved

US Moves to Curb Data Brokers' Sale of Sensitive Personal Information

The Consumer Financial Protection Bureau (CFPB) is proposing a rule to limit data brokers from selling sensitive personal and financial information, such as Social Security numbers, by classifying them as consumer reporting agencies under the Fair Credit Reporting Act (FCRA). This move follows major data breaches and aims to protect consumer privacy by requiring explicit consent for data sharing. The rule targets private companies, not government operations, and is open for public comment until March 2025, though potential political changes could impact its implementation.

via The Verge|

#cfpb #data-brokers #fcra