Case Problem:
Source One Associates, Inc., is based in Poughquag, New York. Peter Easton, Source One’s president, is responsible for its daily operations. Between 1995 and 1997, Source One received requests from persons in Massachusetts seeking financial information about individuals and businesses. To obtain this information, Easton first obtained the targeted individuals’ credit reports through Equifax Consumer Information Services by claiming that the reports would be used only in connection with credit transactions involving the consumers. From the reports, Easton identified financial institutions at which individuals held accounts and then called the institutions to learn the account balances by impersonating either officers of the institutions or the account holders. The information was then provided to Source One’s customers for a fee. Easton did not know why the customers wanted the information. The Commonwealth of Massachusetts filed a suit in a Massachusetts state court against Source One and Easton, alleging violations of the FCRA. Did the defendants violate the FCRA? Explain.
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.