Case Study: MacPherson V. JPMorgan Chase

Law360, New York (January 10, 2012, 3:44 PM EST) -- The Second Circuit Court of Appeals recently confirmed that the Fair Credit Reporting Act preempts all state laws regarding the furnishing of information to a credit reporting agency. In MacPherson v. JPMorgan Chase Bank NA (2d Cir. 2011), Sean Stewart MacPherson claimed JP Morgan Chase willfully and maliciously provided false information about his finances to Equifax. Based on Chase’s information, MacPherson claimed his credit score dropped by 66 points.

MacPherson sued Chase in the Superior Court, Judicial District of Danbury, Conn., for defamation and intentional infliction...
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