( July 9, 2026, 15:54 GMT | Official Statement) -- MLex Summary: Eightfold filed a brief in US federal court emphasizing that it's a software company, not a consumer reporting agency, and that it doesn't compile dossiers on applicants from third-party sources or sell reports, pushing for dismissal of claims under the Fair Credit Reporting Act. “No doubt, FCRA is a lasting solution — just to a different problem. FCRA regulates consumer reporting agencies regardless of the technology they use. But the statute does not cover every party or software that touches consumer information. Adding [artificial intelligence] to the mix does not change this,” it argued. See attached file. ...
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