CRA Hit With FCRA Suit Over Alleged Inaccurate Reporting Of Mortgage Default

(March 25, 2022, 11:13 AM EDT) -- SAN DIEGO — A credit reporting agency (CRA) violated the Fair Credit Reporting Act (FCRA) and the California Consumer Credit Reporting Agencies Act (CCRAA) by inaccurately reporting borrowers’ mortgage loan as delinquent even though the borrowers had sought and received a forbearance on the loan during the COVID-19 pandemic, causing the borrowers to be unable to obtain the necessary financing to purchase a new home, the borrowers allege in a March 24 complaint filed in California federal court....

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