Mealey's Banking & Finance - Judge Dismisses Fair Credit Reporting Act Claims Against Credit Ratings Agencies

HONOLULU - A federal judge in Hawaii on June 16 dismissed an amended complaint filed by consumers who alleged that a credit card company and credit ratings agencies violated provisions of the Fair Credit Reporting Act (FCRA) by failing to correct their credit reports to show that timely payments had been made on a credit card, ruling that the consumers failed to state a claim against certain defendants (Norman Katz, et al. v. American Express Co., et al., No. 14-0084, D. Hawaii; 2014 U.S. Dist. LEXIS 82204).

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