Experian has agreed to a settlement of its litigation with LifeLock. In 2008, Experian filed suit based on allegations that LifeLock’s activities in placing fraud alerts for consumers violated certain provisions of the Fair Credit Reporting Act. Though some of the terms of the settlement are confidential, Experian is pleased with the result of the settlement, including a permanent injunction to be entered by the court under which LifeLock will be “permanently restrained and enjoined from directly or indirectly causing any request that a fraud alert be included in the file of a consumer to be submitted to any consumer reporting agency.”   Source:  Experian Press Release 

BIIA Newsletter November – December 2009 Issue