Check Co. Certegy To Pay FTC 2nd-Largest FCRA Penalty

Law360, New York (August 15, 2013, 6:20 PM EDT) -- Certegy Check Services has agreed to settle allegations it violated the Fair Credit Reporting Act by paying the Federal Trade Commission $3.5 million, the second largest penalty ever in an FCRA suit, the agency said Thursday. 

According to the allegations, Certegy Check Services failed to take measures to protect consumers required under federal law when it issued check authorization recommendations to merchants throughout the country.

The FTC’s complaint, filed Thursday in the U.S. District Court for the District of Columbia, claims that the Florida-based consumer reporting...
To view the full article, register now.