3rd Circ. Widens Colleges' Student Debt FCRA Liability

Law360, New York (February 21, 2014, 7:27 PM EST) -- The Third Circuit refused Friday to exempt higher education institutions from Fair Credit Reporting Act liability surrounding student debt information, reviving claims that Temple University improperly penalized an ex-student for a bygone loan default.

A unanimous panel held that the Higher Education Act of 1965 does not relieve an institution of its obligations under the Fair Credit Reporting Act to furnish only accurate and complete information regarding student loan indebtedness to credit reporting agencies.

In so ruling, the appeals court reversed the dismissal of claims by...
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