Data Facts Lending Solutions Blog

Equifax Settles FCRA Claims Regarding Reporting of Civil Judgments & Tax Liens

Posted by Arthur Ebbs

Apr 23, 2019 10:35:37 AM

Data Facts is committed to bringing you news that affects you and your business. This article was written by Arthur Ebbs and originally appeared on The National Law Review's website.

As part of its business, Equifax reports publicly available civil judgment and tax lien information about consumers.  However, in multiple class action lawsuits filed across the United States, plaintiff-consumers alleged that while Equifax promptly reported civil judgment and tax lien information, Equifax did not update cancelled or satisfied judgments and liens with similar vigor or regularity. 

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Topics: FCRA, mortgage news, Liens and judgment data, Equifax, Lending compliance, mortgage lending services

Mortgage Lenders' Challenge: Find New Sources For Lien And Judgment Data

Posted by Ann Fulmer

May 31, 2017 2:40:01 PM

This article was originally posted on MortgageOrb, written by Ann Fulmer.

In less than a month, the nation’s top credit-reporting agencies (CRAs) will drop most civil judgment and tax lien data from consumer credit reports. It’s a change that will boost millions of consumers’ credit scores – and one that raises major concerns for employers, landlords, mortgage bankers, and other lenders and mortgage lending services providers that use FICO scores as a primary means of determining consumer creditworthiness.

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Topics: credit reports, Credit Score, mortgage changes, Liens and judgment data, mortgage lending services

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