3rd Circuit Revives Lawsuit Against Waypoint Over Credit Report

A lower court improperly threw out a consumer’s lawsuit alleging Waypoint Resource Group refused to investigate his dispute over false information on his credit report in violation of the Fair Credit Reporting Act, a federal appeals could said.

The US Court of Appeals for the Third Circuit reversed and remanded a summary judgment finding in favor of Waypoint because the lower court misread the FCRA in finding Waypoint was allowed to refuse to investigate the dispute.

The plain text of the FCRA requires an entity that furnishes financial information to credit reporting agencies to investigate a dispute that comes back ...