Borrower Sufficiently Pleaded Injury-In-Fact In FCRA Suit, Panel Rules

Mealey's (September 24, 2021, 9:06 AM EDT) -- CINCINNATI — A federal district court erred in ruling that a borrower lacked standing to bring its claim for negligence under the Fair Credit Reporting Act (FCRA) against his mortgage loan servicer based on its continued reporting of a discharged mortgage to credit reporting agencies (CRAs) because the borrower sufficiently alleged an injury-in-fact that was “fairly traceable” to the loan servicer’s actions, a Sixth Circuit U.S. Court of Appeals panel ruled Sept. 13 in reversing and remanding....