Examples of Teletrack in a sentence
The FTC charges that Teletrack violated the FCRA, which makes it illegal to sell credit reports without a specific “permissible purpose” under the statute; marketing is not a permissible purpose.56 Additionally, the FTC has looked at the mobile Internet.
Teletrack, Inc., No. 1:11-CV-2060 (filed June 24, 2011), press release available at http://www.ftc.gov/opa/2011/06/teletrack.shtm; In the Matter of Lookout Servs., Inc., FTC Docket NO.
See Rodgers, 417 F.3d at 852 (explaining that employees are similarly situated if they were “involved in or accused of the same or similar conduct and were disciplined in different ways”) (emphasis added).employment action, and (3) the two were causally linked.
Just this week, the Commission announced an FCRA enforcement action against Teletrack for violating this provision.
Direct Lending subsequently resold some of these lists to third parties, who “used the lists to pitch loan modification and debt relief services to people in financial distress,” including to companies that had been the subject of prior law enforcement investigations.37In June 2011, Teletrack, Inc.
For example, Experian purchased Clarity while TransUnion purchased FactorTrust and Equifax purchased Teletrack.
We show that the two scores have inde- pendent information and are specialized for the types of lending where they are used: Teletrack scores have eight times the predictive power for pay- day loan default as FICO scores.
The law’s provisions kick in when “adverse action” is taken against a person, such as a decision to deny insurance or increase rates.55 In 2010, the FTC also settled a complaint with Teletrack, a subprime CRA, regarding its sale of an online consumer-reports database for marketing purposes: The complaint alleges that Teletrack created a marketing database of information that it gathered through its credit reporting business.
This payday lender only used Teletrack scores to make loan approval de- cisions for first-time applicants, though conditional on the Teletrack score higher FICO scores predict higher repayment rates by economically and statistically significant amounts.
Though Teletrack serves major payday lenders, the lenders establish their own criteria for approving loan applications.