7th Circuit: Omission Of Credit Report Material Info Actionable Under FCRA

(August 24, 2023, 3:37 PM EDT) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals disagreed with a lower court’s ruling that credit reporting agency Experian Information Solutions Inc. was immune from liability in reporting a borrower’s mortgage as delinquent, maintaining that Experian’s omission of a related payment agreement between the lender and borrower is actionable under the Fair Credit Reporting Act (FCRA)....