Sat.Apr 20, 2019 - Fri.Apr 26, 2019

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Emergency Response Teams and the Fair Credit Reporting Act

GDB Firm Blog

If a debtor disputes a loan, the FCRA prohibits a creditor from reporting the loan to a credit bureau without also reporting the dispute. Assume that a creditor assembles a report of outstanding loans on Monday. Wanting to make sure that all the data is accurate, the creditor spends the week verifying the report and files it with the credit bureau on Friday.

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Consequential Damages: What Is In The Contemplation Of The Parties?

GDB Firm Blog

If a contractor knows the use to which the building will be put once it is completed, it may be held liable for any damages resulting from a late completion which delays that useā€”even if such damages are not spelled out in the contract.