FCRA Section 623

Discussion in 'Credit Talk' started by knight, Jun 17, 2008.

  1. knight

    knight Member

    tac14033 states that you CAN sue an OC for failure to list and communicate an account in dispute under FCRA 623, however you cannot however sue an OC for subsection (a) of that statute, that subsection has to be enforced by federal or state authorities.

    That section states:
    "(a) Duty of Furnishers of Information to Provide Accurate Information
    (1) Prohibition
    (A) Reporting information with actual knowledge of errors. A person shall not
    furnish any information relating to a consumer to any consumer reporting
    agency if the person knows or has reasonable cause to believe that the
    information is inaccurate."

    Why can't we sue under section 623 (a)(1)(A)?
     
  2. Hedwig

    Hedwig Well-Known Member

    Because Congress didn't make it a private right of action.
     
  3. jlynn

    jlynn Well-Known Member

    Read subsection (b) :)
     

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