FCRA Ruling Rejects Argument that Foreclosure and Acceleration of Mortgage loan Rendered Reports of Monthly Delinquencies Inaccurate

Fair Credit Reporting Act (FCRA) litigation has increased in 2017 and shows little sign of slowing. While a plaintiff’s actual damages may be minimal, the statute’s award of reasonable attorney’s fees and costs for a prevailing plaintiff undoubtedly incentivizes the plaintiffs’ bar to develop new legal theories of inaccurate or misleading reporting. Fortunately, such legal theories may be susceptible to early motions to dismiss.