Lawsuit Investigation: State Farm Bank Applies for Loans, Pulls Reports without Permission

Last Updated on November 27, 2019

Investigation Complete

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Case Update

November 26, 2019 – Investigation Closed

At A Glance

This Alert Affects:
Customers of State Farm Bank.
What’s Going On?
State Farm Bank has come under fire for illegally pulling credit reports on consumers and reporting inaccurate information – both of which have the potential to damage a person’s credit. Now, a class action lawsuit could be started.
How Do You Know All This?
In late 2018, the Consumer Financial Protection Bureau released the findings of its investigation into State Farm Bank and found that the bank had repeatedly violated federal law regarding consumer reports.
How Can a Class Action Lawsuit Help?
A successful case can provide remedy to people whose credit scores were harmed because of State Farm Bank’s illegal credit reporting practices.