Posts tagged Fair Credit Reporting Act

data brokers, data protection, David Vladeck, Fair Credit Reporting Act, FCRA, Federal Trade Commission, FTC, FTC consent, InfoLawGroup, information law group, personal information, privacy enforcement, Segalis, Teletrack

FCRA Violations Result in $1.8 Million FTC Penalty

By InfoLawGroup LLP on June 26, 2011

The Federal Trade Commission announced today that Teletrack, Inc. has agreed to pay $1.8 million to settle charges that the company sold credit reports for marketing purposes, in violation of the Fair Credit Reporting Act (FCRA). According to the FTC's complaint, Teletrack sells credit reports and other services to businesses that mainly serve financially distressed consumers. Teletrack's business customers include pay day lenders, rental purchase stores and non-prime rate auto lenders. These businesses use Teletrack's credit reports to decide whether and on what terms to extend credit to their customers.