Supreme Court Ruling on Transunion!!!
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Topic: Supreme Court Ruling on Transunion!!!
Posted By: administrator
Subject: Supreme Court Ruling on Transunion!!!
Date Posted: 20/January/2014 at 6:12am
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Good news for BC at least... may eventually impact other provinces!!! Big news for consumers today: the Supreme Court of BC has upheld our Compliance Order against TransUnion, confirming that negative information must be removed from credit reports after 6 years. Click on our news release to learn what this means for you. http://www.consumerprotectionbc.ca/other-business-news/1187-bc-supreme-court-confirms-consumer-information-must-be-removed-from-credit-reports-after-6-years" rel="nofollow - http://www.consumerprotectionbc.ca/other-business-news/1187-bc-supreme-court-confirms-consumer-information-must-be-removed-from-credit-reports-after-6-years Thank you BC Consumer Protection ------------- Administrator Mark OMeara Author of Let Go and Heal: Recovery from Emotional Pain https://LaughSingWrite.com - http://bit.ly/heal2024 |
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Posted By: administrator
Date Posted: 20/January/2014 at 6:14am
Here's the press release!!!
The http://www.bclaws.ca/EPLibraries/bclaws_new/document/LOC/freeside/--%20B%20--/Business%20Practices%20and%20Consumer%20Protection%20Act%20SBC%202004%20c.%202/00_Act/04002_07.xml#part6" rel="nofollow - Business Practices and Consumer Protection Act (BPCPA) regulates credit reporting agencies in BC with respect to what can be included in a credit report and who can see it. In April 2012, Consumer Protection BC issued a http://www.consumerprotectionbc.ca/hfb-help-for-businesses/compliance-and-enforcement/recent-enforcement-actions?&task=view_result&case_number=27454&bus_name=" rel="nofollow - Compliance Order against TransUnion of Canada Ltd. (TransUnion), requiring the company to comply with two sections of the Act related to how long a consumer’s information may stay on their credit report. The law prevents reporting agencies from including information detrimental to an individual on their credit report for longer than six years. TransUnion petitioned the Supreme Court of British Columbia for a judicial review of Consumer Protection BC’s Order, pursuant to the http://www.bclaws.ca/EPLibraries/bclaws_new/document/ID/freeside/00_96241_01" rel="nofollow - Judicial Review Procedure Act . The Supreme Court of British Columbia, today, upheld Consumer Protection’s BC Order and dismissed TransUnion’s Petition. “This a great day for British Columbians,” says Manjit Bains, Vice President of Corporate Relations of Consumer Protection BC. “The law has been tested and, today, the court’s decision confirms that no British Columbian should have adverse information on their credit report for longer than six years.” Consumer Protection BC encourages consumers to:
There is a lot to know about credit reporting in BC. Jurisdiction for credit reporting is shared with the http://www.oipc.bc.ca/" rel="nofollow - Office of the Information and Privacy Commissioner for BC and Consumer Protection BC. http://www.consumerprotectionbc.ca/images/content/news/2014%20backgrounder%20-%20credit%20reporting.pdf" rel="nofollow - A backgrounder on credit reporting is available with additional information about the law in BC, consumer rights, business obligations and statistics. For more information about credit reporting, please visit http://www.consumerprotectionbc.ca/" rel="nofollow - www.consumerprotectionbc.ca . About Consumer Protection BC Consumer Protection BC is a not-for-profit corporation whose vision is confident consumers and trusted businesses in a thriving marketplace. We enforce consumer protection laws and strengthen consumer protection in BC by licensing and inspecting specific industries, responding to consumer questions, investigating alleged violations of consumer protection laws and educating consumers and businesses about their rights and responsibilities. For more information about our organization, please visit our corporate website at http://www.consumerprotectionbc.ca/" rel="nofollow - www.consumerprotectionbc.ca . You can also follow Consumer Protection BC https://twitter.com/ConsumerProBC" rel="nofollow - on Twitter , like us https://www.facebook.com/ConsumerProtectionBC" rel="nofollow - on Facebook and http://www.consumerprotectionbc.ca/blog" rel="nofollow - read our blog for valuable consumer tips and resources. ------------- Administrator Mark OMeara Author of Let Go and Heal: Recovery from Emotional Pain https://LaughSingWrite.com - http://bit.ly/heal2024 |
