Fair Credit Reporting Act: Hearing Before the Subcommittee on Consumer Affairs and Coinage of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred Second Congress, First Session, October 24, 1991, Volume 4 |
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Page 47
... section 4 ( b ) there is a require- ment for the consumers to have received notice that information from the consumers file may be used in connection with a " pre- screening transaction . " As a practical matter , would this be ...
... section 4 ( b ) there is a require- ment for the consumers to have received notice that information from the consumers file may be used in connection with a " pre- screening transaction . " As a practical matter , would this be ...
Page 54
... section 3 , and you go to section 3 ( b ) , there is a re- quirement that a prospective employee actually authorize the pro- curement of a credit history report . And I would wonder if that wouldn't negate the need altogether to try to ...
... section 3 , and you go to section 3 ( b ) , there is a re- quirement that a prospective employee actually authorize the pro- curement of a credit history report . And I would wonder if that wouldn't negate the need altogether to try to ...
Page 105
... Section 1691 , and the Fair Debt Collection Practices Act , 15 U.S.C. Section 1601 , both of which provide for civil penalty enforcement authority . 5 The Commission's most recent FCRA enforcement actions have involved large employers ...
... Section 1691 , and the Fair Debt Collection Practices Act , 15 U.S.C. Section 1601 , both of which provide for civil penalty enforcement authority . 5 The Commission's most recent FCRA enforcement actions have involved large employers ...
Page 107
... Section 604 if the creditor subsequently offered credit to all of the people whose names appeared on the prescreened list . The Commission recognized that a prescreened list constitutes a series of consumer reports and , as such , may ...
... Section 604 if the creditor subsequently offered credit to all of the people whose names appeared on the prescreened list . The Commission recognized that a prescreened list constitutes a series of consumer reports and , as such , may ...
Page 108
... Section 604 too broadly in 1973.9 It is also worth noting that prescreening today is far more sophisticated than it was in the 1970's . Where once a credit grantor might have offered credit based on the application of a handful of ...
... Section 604 too broadly in 1973.9 It is also worth noting that prescreening today is far more sophisticated than it was in the 1970's . Where once a credit grantor might have offered credit based on the application of a handful of ...
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Common terms and phrases
adverse action Affairs and Coinage amendments Americans Attorney banks believe bill Chairman TORRES civil liability companies concerns CONGRESS THE LIBRARY Consumer Affairs Consumer Credit Reporting consumer privacy consumer reporting agency consumer's credit consumer's file correct cost credit bureaus credit card Credit Check credit files credit grantors credit history credit information Credit Reporting Act credit reporting agencies credit reporting industry credit score creditors DAN MORALES deleted denied credit direct marketing disclosure disputed information employee employment purposes enforcement Equifax errors Fair Credit Reporting FCRA Federal Trade Commission furnish information inaccurate information to consumer issue legislation MCCANDLESS Norwich notice notify obtain October 24 offer of credit opt-out prescreened list problem proposed protection records reinvestigation request require responsibility RIGGS Section 604 social security number statement Subcommittee on Consumer sumer testimony Trans Union transaction users Vermont violation
Popular passages
Page 452 - Alabama. Arkansas. Florida. Georgia, Kentucky, Louisiana, Mississippi. North Carolina. Oklahoma, South Carolina.
Page 139 - ... (2) Suits and judgments which, from date of entry, antedate the report by more than seven years or until the governing statute of limitations has expired, whichever is the longer period.
Page 134 - Reporta. with approximately 4.9 million paid circulation, regularly carries articles on health, product safety, marketplace economics and legislative, judicial and regulatory actions which affect consumer welfare.
Page 452 - Connecticut Delaware District of Columbia Maine Maryland Massachusetts New Hampshire New Jersey New York Pennsylvania Rhode Island Vermont *Virginia Southeast Alabama Arkansas Florida Georgia...
Page 98 - The views expressed in this statement represent the views of the Commission. My oral presentation and responses to questions are my own and do not necessarily represent the views of the Commission or any Commissioner.
Page 102 - ... prior to furnishing such user a consumer report. No consumer reporting agency may furnish a consumer report to any person if it has reasonable grounds for believing that the consumer report will not be used for a purpose listed in section 604. (b) Whenever a consumer reporting agency prepares a consumer report it shall follow reasonable procedures to assure maximum possible accuracy of the information concerning the individual about whom the report relates.
Page 292 - ... any report in which a person who has been requested by a third party to make a specific extension of credit directly or indirectly to a consumer conveys his decision with respect to such request, if the third party advises the consumer of the name and address of the person to whom the request was made and such person makes the disclosures to the consumer required under section 615. (e) The term " investigative consumer report...
Page 277 - MasterCard is a membership organization comprised of financial institutions that are licensed to use the MasterCard service marks in connection with payment systems, including credit cards.
Page 119 - ... employment opportunity law or regulation; and (C) the person who makes the communication (i) discloses in writing to the consumer who is the subject of the communication, not later than 5 business days after receiving any request from the consumer for such disclosure, the nature and substance of all information in the consumer's file at the time of the request, except that the sources of any information that is acquired solely for use in making the communication and is actually used for no other...
Page 115 - ... invasion of privacy, or negligence with respect to the reporting of information against any consumer reporting agency, any .user of information, or any person who furnishes information to a consumer reporting agency, based on information disclosed pursuant to section 609, 610, or 615, except as to false information furnished with malice or willful intent to injure such consumer.