Student Loan Law: 18.3.6.2 Fair Credit Reporting Act Claims
Typically, information about federal and private student loan payments will be furnished to consumer reporting agencies. Any entity doing so—for either federal or private student loans—must comply with the federal Fair Credit Reporting Act’s (FCRA) requirements as to furnishers.366 Servicers violate the FCRA if they fail to conduct a reasonable investigation into the accuracy of the information they furnish to a consumer reporting agency once a borrower disputes that information with the consumer reporting agency.