In this episode of Consumer Finance Compass, Balch’s Jason Tompkins, partner in Balch & Bingham’s Consumer Finance Compliance & Defense Practice, explores the decision from the U.S. District Court for the District of Maine in Consumer Data Industry Association v. Frey.
This decision affects companies that furnish information to the credit bureaus, addressing when they must comply with state law or federal laws, and in what instances the federal law preempts conflicting state See more +
In this episode of Consumer Finance Compass, Balch’s Jason Tompkins, partner in Balch & Bingham’s Consumer Finance Compliance & Defense Practice, explores the decision from the U.S. District Court for the District of Maine in Consumer Data Industry Association v. Frey.
This decision affects companies that furnish information to the credit bureaus, addressing when they must comply with state law or federal laws, and in what instances the federal law preempts conflicting state laws.
Jason discusses the broad application of the decision and key takeaways for companies that furnish information to the credit bureaus.
Join Jason as he looks at the facts the Court considered when addressing whether two Maine statutes that govern the reporting of certain medical debts and the reporting and investigation of certain allegations of economic abuse can stand in the face of the Fair Credit Reporting Act, which governs furnishers on a federal level.
Balch & Bingham has unparalleled experience navigating the complex regulatory sphere that is consumer finance. Reach out to Jason or any member of our Consumer Finance Compliance & Defense Practice to discuss the case’s impact on your business. See less -
