Just wanted you to know that the government settled a lawsuit with credit bureaus regarding reporting errors on tax liens and judgments. There are potential errors in roughly 96% of consumer reports related to public record information (civil judgments) and roughly 50% of tax lien data not meeting these new standards. Credit bureaus must comply by July, 2017.

Rule Synopsis: There was a 31-state lawsuit against the credit reporting agencies. A settlement was reached in March of 2015 with staged roll-outs of certain changes to credit reporting requirements. The agreement is 41 pages in length and applies to all three credit reporting agencies on a national level, not for just NY or the […]

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