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Marketing practices leads to $8 million penalty for CRA
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Case Law, Consumer Protection
Friday, December 4, 2015
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Clarity Services, Inc. and its president and CEO, Timothy Ranney, will be required to pay $8 million to the Consumer Financial Protection Bureau’s Civil Penalty Fund after the agency filed a consent order finding that the credit reporting agency violated the Fair Credit Reporting Act by using consumer reports for marketing purposes. Read on for more details.
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