IRAC 2, 3 and 4 please 2. Josephine was an ailing 60-year-old widow. A bill coll

Question

IRAC 2, 3 and 4 please 2. Josephine was an ailing 60-year-old widow. A bill collector from Collections Accounts Terminal, Inc., called her and demanded that she pay $56 she owed to Cabrini Hospital. She told him that Medicare was supposed to pay the bill. Shortly thereafter, Josephine received a letter from Collections that stated: You have shown that you are unwilling to work out a friendly settlement with us to clear the above debt. Our field investigator has now been instructed to make an investigation in your neighborhood and to personally call on your employer. The immediate payment of the full amount will spare you this embarrassment. Has Collections violated the law? 3. Thomas worked at a Sherwin-Williams paint store that James managed. But Thomas and James had a falling out. After Thomas quit, James claimed that Thomas owed the store $121. Sherwin-Williams reported this information to the Chilton credit reporting agency. Thomas sent a letter to Chilton disputing the accuracy of the Sherwin-Williams charges. Chilton contacted James, who confirmed that Thomas still owed the money Chilton failed to note in Thomas's file that a dispute was pending. Thereafter, two of Thomas's requests for credit cards were denied. Have James and Chilton violated the Fair Credit Reporting Act? 4. In October, Renie Guimond discovered that her credit report at Trans Union incorrectly stated that she was married, used the name "Ruth Guimond" and had a credit card from Saks Fifth Avenue. After she reported the errors, TransUnion wrote her in November to say that it had removed this information. However, in March, Trans Union again published the erroneous information. The follo October, Trans Union finally removed the incorrect information from her file. Guimond was never den violating the Fair Credit Reporting Act? ied credit because of these mistakes. Is TransUnion liable for

Explanation / Answer

2) Yes, they have violated the law by indulging in the Prohibited conduct: They have planned to have Communication with third parties, communicating with consumers at their place of employment and Communicating with consumer after request for validation has been made.

3) Yes. James and Chilton has violated FCRA. A creditor/ Lenders have important role to play in ensuring credit reports are accurate. But James and Chilton failed to furnish information about consumers to consumer reporting agencies accurately by NOT

Providing complete and accurate information to the credit agency, (DID NOT)Investigate consumer disputes received from credit reporting agencies; (DID NOT) Correct/ verify information within 30 days of receipt of a dispute; (DID NOT) Inform consumer about negative information which is in the process on a consumer's credit report within one month.

4) Yes, TransUnion is liable under FCRA, as they did not correct the erroneous information within a Month of reporting and continued to publish the same until October, when it was again pointed out.

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