Identity Theft: Disputes, Tradeline Blocks and the Impact of COVID-19
In recent years, identity theft claims have increased dramatically. Consumer reporting agencies and creditors have seen more and more requests to block and dispute tradelines, sometimes on long-standing accounts. In this CDIA Law & Industry Conference session, panelists Lisa Delessio, Partner at Hudson Cook and David Vaughn, General Manager at New Management Services (e-OSCAR) will explore the following topics:
- Legal Issues related to Tradeline Blocks and ID Theft Disputes
- Recent volume trends of Tradeline Blocks and ID Theft Disputes, including during the COVID-19 pandemic
- Information on how furnishers can track their own volumes and trends via Insights by e-OSCAR
- What creditors need to do when they receive Tradeline Blocks and ID Theft Disputes, including investigating, responding, or utilizing e-OSCAR’s Tradeline Block Rescission Request
The panel will also provide thoughts on what the CRAs and furnishers might see as the short term relief provided during COVID-19 comes to an end for many consumers.