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Home / Opinion Digests / Consumer Protection – FCRA – Auto Loan – Bank Accounting Errors (access required)

Consumer Protection – FCRA – Auto Loan – Bank Accounting Errors (access required)

A bank that admitted it made “accounting errors” in repeatedly telling a borrower he had a zero balance on an auto loan, and then hitting him with an accelerated loan amount, late fees and penalties and reporting the delinquent loan to credit reporting agencies without mentioning the dispute, must pay the borrower $1,000 in statutory ...

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