All articles tagged with #fcra
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.
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.
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.