Credit Agency Settles Charges of Sloppy Merged Reports - Mortgage Forums for Brokers and Loan Officers

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Credit Agency Settles Charges of Sloppy Merged Reports

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01-18-2006, 09:13 PM

Veronica Corningstone Veronica Corningstone is offline

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Credit Agency Settles Charges of Sloppy Merged Reports

The FTC alleges Far West Credit Inc. violated the Fair Credit Reporting Act and the FTC Act by not following reasonable procedures to assure the accuracy of the information in the consumer reports it sold to mortgage companies, according to an announcement Tuesday. Far West will pay $120,000 in civil penalties to settle the charges.

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