Creditor, CRAs Facing FCRA Suit Over Alleged Fraudulent Debt
- A creditor and two credit reporting agencies are facing claims of violating the Fair Credit Reporting Act over a $36,000 loan that the plaintiff claims was originated by someone else who signed the plaintiff’s name on a contract to obtain the funds, although the complaint makes no mention of the plaintiff obtaining an identity theft affidavit to bolster his claims.
- More details here
- This series is sponsored by WebRecon
Bankruptcy Filings Climb Again as Consumer and Business Financial Strain Grows
- Bankruptcy filings are continuing their steady climb, sending a clear signal to creditors that financial strain among both consumers and businesses is intensifying. New data from the Administrative Office of the U.S. Courts and Epiq AACER shows that filings rose sharply through the end of 2025 and into January 2026, narrowing the gap between today’s volumes and pre pandemic levels.
- More details here
Judge Denies Motion to Dismiss in FCRA Case Tied to Hiring and Termination
- A Magistrate Court judge in Louisiana has denied a defendant’s motion to dismiss claims it violated the Fair Credit Reporting Act over claims about how it handled an employment background check that led to the plaintiff being fired just a few months after being hired. The ruling is a reminder that FCRA compliance risks extend well beyond traditional credit reporting and into employment screening practices.
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Warren Launches Probe as Repossessions Hit Post-2008 Highs
- Auto repossessions have climbed to levels not seen since the 2008 financial crisis, and that spike is now drawing direct attention from Capitol Hill. This week, Sen. Elizabeth Warren [D-Mass.], Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, launched a broad probe into auto lenders, repossession agents, and industry trade groups, citing concerns about wrongful repossessions and consumer harm as the Consumer Financial Protection Bureau’s enforcement capacity remains sidelined.
- More details here
Judge Sends FDCPA Claims to Arbitration Over Challenges to Auto Purchase Contract
- A District Court judge in Oregon has granted a defendant’s motion to compel arbitration after it was sued for allegedly violating the Fair Debt Collection Practices Act over issues with the contract that was signed when purchasing a vehicle.
- More details here
WORTH NOTING: File this under “U” for understatement of the week – new research shows that when employees feel slighted, they work less … The Federal Bureau of Investigation has launched a campaign to help improve cybersecurity defenses … Veritus has raised $10.1 million in seed funding for its AI agent platform … Staying up late doesn’t appear to be good for your heart … January was the worst month for job cuts in 17 years … Meet a group of kids who run a credit union from inside their high school … It’s not too late: tech upgrades to level up your Super Bowl Sunday … What if everything you know about passwords is wrong?
Funny Friday, part I
Funny Friday, part II
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