The Fair Credit Reporting Act requires credit reporting agencies to explain "clearly and accurately" how to read a consumer’s credit report. The Seventh Circuit held today that Equifax failed to carry its burden to show, as a matter of law, that it satisfied the requirement. The case involved potential confusion resulting from Equifax’s "Date of Last Activity" on its credit reports. The Date of Last Activity field, the court concluded, didn’t "clearly" allow consumers to determine whether Equifax observed the 7.5 year cut-off for reporting of negative credit history information. Gillespie v. Equifax Information Services, L.L.C., No. 06-1952 (7th Cir. May 3, 2007).
Sounds confusing to Blawgletter.