The Fair Credit Reporting Act (FCRA) governs credit reporting and credit reports. A business or other party must have a “permissible” reason if they want to access the credit report of an individual. The complaint for this class action alleges that Monevo, Inc. pulled a credit report for the plaintiff in this case without his permission and without having a permissible reason to obtain his information.
The class for this action is all persons in Texas whose consumer reports Monevo obtained without a permissible purpose, between February 25, 2020 and February 25, 2022.
The plaintiff in this case, Radley J. Bradford, got a copy of his own credit report on November 2, 2021. The complaint alleges that “Bradford noticed that on March 1, 2020, Monevo had obtained a copy of his credit report, misrepresenting it had a ‘Permissible Purpose/Written Authorization’ to pull, receive and review his credit report.”
This was news to Bradford, who had never even heard of the company before. According to the complaint, he had not business relationship with Monevo, never applied for a loan from it, and had never authorized it to run his credit report.
Bradford contacted the company, which the complaint says “indicat[ed] his information had been submitted through [its] platform on March 1, 2020.” However, the complaint alleges that Monevo has not been able to show a copy of an application or any other authorization. The complaint claims, “The credit report obtained by Monevo would have included a trove of sensitive personal and private information about [Bradford], such as his birth date, credit history profile, pay histories, employer information and the like.”
US law allows credit reports on others to be obtained only for a limited number of “permissible” reasons, which the complaint summarizes as “for use in connection with a credit transaction that the consumer initiated, a firm credit offer, employment purposes, or a business transaction in which an individual has accepted personal liability for business credit.
Monevo, the complaint asserts, did not have any of the above reasons for obtaining Bradford’s credit report. It claims that Monevo therefore got his credit report “under false pretenses to the credit bureau” and that in doing so, it engaged in “willful, wanton, reckless, and/or negligent action[.]”
The complaint alleges that, “[u]pon information and belief, Monevo as a pattern and practice regularly obtains consumer reports on consumers without a permissible purpose.”
The sole count in this class action is violation of the FCRA.
Article Type: LawsuitTopic: Privacy
Most Recent Case Event
Monevo No Permissible Reason for Credit Report FCRA Complaint
February 25, 2022
The Fair Credit Reporting Act (FCRA) governs credit reporting and credit reports. A business or other party must have a “permissible” reason if they want to access the credit report of an individual. The complaint for this class action alleges that Monevo, Inc. pulled a credit report for the plaintiff in this case without his permission and without having a permissible reason to obtain his information.
Monevo No Permissible Reason for Credit Report FCRA ComplaintCase Event History
Monevo No Permissible Reason for Credit Report FCRA Complaint
February 25, 2022
The Fair Credit Reporting Act (FCRA) governs credit reporting and credit reports. A business or other party must have a “permissible” reason if they want to access the credit report of an individual. The complaint for this class action alleges that Monevo, Inc. pulled a credit report for the plaintiff in this case without his permission and without having a permissible reason to obtain his information.
Monevo No Permissible Reason for Credit Report FCRA Complaint