The court also ruled in part that borrowers have no private right of action under the federal Fair Credit Reporting Act against furnishers for providing allegedly incorrect credit information to credit reporting agencies, if the borrowers do not initiate any dispute with the furnisher regarding the information.
Accordingly, without reaching the merits of Borrowers' TILA rescission claim, the Tenth Circuit reversed the district court's judgment and remanded.
Ralph T. Wutscher
McGinnis Wutscher LLP
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