Developing Story
Credit Reporting Canceled Debt Class Action (Synchrony Bank et al.)
A new class action accuses Synchrony Bank, Experian, and other agencies of continuing to report a canceled debt as outstanding on consumer credit reports.
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A new lawsuit alleges Synchrony Bank continued reporting a canceled debt as due and owing on a consumer's credit reports, despite having formally canceled the debt and reported the cancellation to the IRS (Top Class Actions, September 22). Experian and other credit reporting agencies are also named as defendants (Top Class Actions, September 22).