4 ms·
Unfortunately, there's a law [1] that protects creditors and credit bureaus from that unless they act out of malice. [1] https://www.law.cornell.edu/uscode/tex
by u801e 5y ago
Unfortunately, there's a law [1] that protects creditors and credit bureaus from that unless they act out of malice.
[1] https://www.law.cornell.edu/uscode/text/15/1681h https://www.law.cornell.edu/uscode/text/15/1681h (e)
- infogulch 5y agoThat's interesting. > (e) Limitation of liability > ... no consumer may bring any action or proceeding in the nature of defamation, ... or negligence with respect to the reporting of information against any ... person who furnishes information to a consumer reporting agency ... except as to false information furnished with malice or willful intent to injure such consumer.
- meowster 5y agoIsn't posting bad information a "willful intent to injure"? I can't imagine the banks are piblishing bad info in order to help the consumer.
- otterley 5y agoNo. It’s a term of art, and no court will interpret it the way you suggest.
- cestith 5y agoIn order for it to be a willful intent to injure, they have to believe it's not you and report that is is in order to knowingly tarnish your reputation. Generally if they publish bad data about you it's because the data they have is bad. It's not because out of all the accounts at JP Morgan Chase or Wells Fargo or wherever some faceless drone decided your faceless account needs to be specifically and maliciously lied about.