Gotta Leave so please answer quick

Sorry it's not cleaner, but you said you were in a hurry. I boldfaced the most important section:

Ã? 623 15 U.S.C. 1681s-2
15 U.S.C. 1681s-2
48
Ã?623. Responsibilities of furnishers of information
to consumer reporting agencies
(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 consciously avoids knowing that the information is inaccurate.
(B) Reporting information after notice and confirmation of errors.
A person shall not furnish information relating to a
consumer to any consumer reporting agency if
(i) the person has been notified by the consumer, at the
address specified by the person for such notices, that
specific information is inaccurate; and
(ii) the information is, in fact, inaccurate.
(C) No address requirement. A person who clearly and conspicuously
specifies to the consumer an address for notices
referred to in subparagraph (B) shall not be subject to subparagraph
(A); however, nothing in subparagraph (B) shall
require a person to specify such an address.
(2) Duty to correct and update information. A person who
(A) regularly and in the ordinary course of business furnishes
information to one or more consumer reporting agencies
about the personís transactions or experiences with any consumer;
and
(B) has furnished to a consumer reporting agency information
that the person determines is not complete or accurate,
shall promptly notify the consumer reporting agency of that
determination and provide to the agency any corrections tothat information, or any additional information, that is necessary
to make the information provided by the person to
the agency complete and accurate, and shall not thereafter
furnish to the agency any of the information that remains
not complete or accurate.
(3) Duty to provide notice of dispute. If the completeness or accuracy
of any information furnished by any person to any consumer
reporting agency is disputed to such person by a consumer, the
person may not furnish the information to any consumer reporting
agency without notice that such information is disputed by
the consumer.

 

As I understand it, and the way I'm using it against Macy's is that once you have provably notified them, and then you dispute throught the CRA and they send it back "verified" with no notice that the consumer disputes the listing, they're toast. Read the thread I've got going on a very similar subject.

 

Yes but I read that to mean the NEXT time they report the information to the CRA (LKH and I differ here - did you contact the FTC yet on this LKH?)...Therefore I think you need to dispute this now with the CRA so that the information provider has to provide the information again to the CRA, THEN the "in-dispute" marking MUST accompany their verification response.

The way I read that section, the OC is not required to update the information as "in-dispute" but they do have to include the "in-dispute" status the next time they provide any information about this account to the CRA.

-Peace, Dave

PS - ...slow down Robin, are you running out the door to file suit now??? ) LOL

 

Ok Tom, that is the way I understand it too.

-Peace, Dave