Truth in Lending: 7.11.7 Adverse Credit Reports; Collection Activity
As with the billing error procedure, a card issuer cannot make an adverse credit report based on the consumer’s withholding payment in accordance with these claims and defenses procedures “until the dispute is settled or judgment rendered,”1399 though it may report the amount as disputed.1400 Adverse credit reporting would include notations that the amount is delinquent,1401 and should include other derogatory notations, such as reporting tha