Consumer Law
Consumer Protection
Fair Credit Reporting Act
United States of America v. Tricolor Auto Acceptance Corporation LLC
Published: Feb. 27, 2016 | Result Date: Sep. 16, 2015 | Filing Date: Jan. 1, 1900 |Case number: 3:15-cv-03002 Settlement – $82,777
Court
USDC Texas
Attorneys
Plaintiff
Defendant
Facts
The Federal Trade Commission filed an action against Tricolor Auto Acceptance Corp. LLC, for alleged violations of the Fair Credit Reporting Act.
Contentions
PLAINTIFF'S CONTENTIONS:
Defendant allegedly violated the FCRA for failing to have written policies and procedures regarding reported credit information and their accuracy. Defendant also allegedly failed to investigate disputed consumer credit information in violation of the FCRA.
DEFENDANT'S CONTENTIONS:
Defendant denied any wrongdoing.
Result
The parties agreed to settle the dispute, under which, Tricolor agreed to pay $82,777 in civil penalties.
Other Information
FILING DATE: Sept. 15, 2015.
#118113
For reprint rights or to order a copy of your photo:
Email
jeremy@reprintpros.com
for prices.
Direct dial: 949-702-5390