The Federal National Mortgage Association (also known as Fannie Mae) is facing a proposed class action lawsuit alleging it violated the Fair Credit Reporting Act by illegally obtaining copies of consumers’ credit reports without their permission or a “permissible purpose.” The plaintiff claims her debt with Fannie Mae was discharged in bankruptcy and that she had no further relationship with the defendant. The suit argues, however, that Fannie Mae accessed the plaintiff’s credit report on more than one occasion after her debt had been discharged. This action, according to the complaint, is illegal under the FCRA because the plaintiff did not request credit from the defendant or provide any other reason for it to obtain a copy of her report.
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A reckless new bill represents an unprecedented threat to consumer rights, essentially gutting class action and mass tort litigation. Congress has tried to ram it through without us noticing. Read more about the implications of this bill, and contact your members of Congress to protect your rights.