Credit Scoring Expert in Fair Credit Reporting Act

Case Description:

A credit scoring expert was needed for a class action suit alleging breach of the Fair Credit Reporting Act. The defendant, a credit reporting agency, included incomplete and inaccurate information from a credit card company on its credit reports. The plaintiffs allege that their credit scores, and therefore credit worthiness, were adversely affected. At issue was whether the credit reporting agency failed to follow procedures as required by the Fair Credit Reporting Act (FCRA).

IMS ExpertServices was asked to locate a credit scoring expert who could opine about the Fair Credit Reporting Act (FCRA), whether credit reporting agencies can force their customers to report consumer credit limits and how this affects credit scoring. The ideal expert would have practical experience in credit scoring and its ramifications.

Experts Presented:

  • Consumer Credit Expert

    This credit scoring expert has authored many empirical studies that examine the efficacy of the national credit reporting system under the Fair Credit Reporting Act. He is regularly consulted on regulatory compliance regarding consumer credit scoring and credit access issues by the US and foreign governments. He has a Ph.D. in Political Science with a focus on International Political Economy and a Master’s of International Affairs. He has expert witness testimony experience in deposition and trial and has worked on credit scoring and Fair Credit Reporting Act cases. IMS Reference #5052912

  • Credit Reporting Expert

    Having contributed to the development and implementation of procedures for adherence to the Fair Credit Reporting Act (FCRA), this credit scoring expert also advised the Federal Reserve Board on compliance issues under the Consumer Credit Protection Act. He has spoken about credit scoring, credit reporting, and privacy issues and has appeared on Nightline and CNN. This expert was employed as general counsel of a national consumer reporting agency for over 15 years. He has testified before Congress and many state legislatures. IMS Reference #5053059

  • Credit Reporting Expert

    This credit scoring expert has over 40 years of experience in the credit reporting industry. He worked for the Consumer Data Industry Association (CDIA) and was instrumental in the development of the Fair Credit Reporting Act (FCRA) and its subsequent amendments. This expert assisted in the creation of uniform industry standards for credit reporting and credit scoring. He has served as an expert witness in FCRA cases and given testimony in state and federal courts. IMS Reference #5052786

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