Seventh Circuit Issues Landmark Decision Under Fair Credit Reporting Act ​“Prescreening” Provisions

Kelley Drye’s Consumer Financial Services group has prepared a topical and timely advisory on a significant Seventh Circuit decision under the Fair Credit Reporting Act’s ​“prescreening” provisions that will have major implications for any company using prescreened lists of consumers to market products and services. Any business that directly interfaces with consumers on financial transactions, such as consumer lenders, financial institutions, traditional and online retailers, non-traditional money services companies (Money Transfer, Prepaid Cash Card, Online Payment Service Providers), or mobile telecom companies, will learn about the specific implications for companies using prescreened credit offers.