How FCRA Section 1681e(b) Affects Reseller Liability

Law360, New York (November 19, 2013, 4:09 PM EST) -- One of the most significant sources of litigation risks for niche businesses occurs when the statutory laws governing their conduct fail to reflect the real-world context of the industries in which they operate. Because even well-intentioned laws are often drafted and ratified by legislators with no experience in the affected industry, such laws may present high risk exposure or compliance costs to businesses that find themselves held to an abstract legal standard that they logistically cannot implement.

This disconnect between the law and business reality —...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.