Eleventh Circuit Affirms Dismissal of FCRA Claims Since Alleged Inaccurate Information Was Not Objectively and Readily Verifiable

Financial institutions, credit furnishers, debt collectors, and other businesses reporting consumer information to credit reporting agencies should take note that the Eleventh Circuit Court of Appeals has declined to impose a bright-line rule that only purely factual or transcription errors are actionable under the Fair Credit Reporting Act (“FCRA”). Rather, courts must determine whether the disputed information is “objectively and readily verifiable.” Thus, furnishers should revisit their internal investigation and verification procedures to ensure compliance with the FCRA.  Continue reading →

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