Credit Repair Organizations Act (H.R. 458): Hearing Before the Subcommittee on Consumer Affairs and Coinage of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One-hundredth Congress, Second Session, on H.R. 458, a Bill to Prevent Consumer Abuse by Credit Repair Organizations, September 15, 1988, Volume 4 |
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... questions , but I want to thank you very much for being here and to thank you for your very excel- lent , excellent testimony . Mr. Walton what amount of manpower was consumed in this in- vestigation by the FBI ? Mr. WALTON . In this ...
... questions , but I want to thank you very much for being here and to thank you for your very excel- lent , excellent testimony . Mr. Walton what amount of manpower was consumed in this in- vestigation by the FBI ? Mr. WALTON . In this ...
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... questions . Chairman ANNUNZIO . I have no further questions either . Mr. Walton , again , many , many thanks for the cooperation you have extended to the subcommittee . Mr. WALTON . Thank you , Mr. Chairman . Chairman ANNUNZIO . We have ...
... questions . Chairman ANNUNZIO . I have no further questions either . Mr. Walton , again , many , many thanks for the cooperation you have extended to the subcommittee . Mr. WALTON . Thank you , Mr. Chairman . Chairman ANNUNZIO . We have ...
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... questions . Chairman ANNUNZIO . Thank you . Our staff director who has been part of most of the investigation has some questions . Mr. PRINS . Mr. Roberts , in the course of the investigation by the FBI , or to your knowledge , was ...
... questions . Chairman ANNUNZIO . Thank you . Our staff director who has been part of most of the investigation has some questions . Mr. PRINS . Mr. Roberts , in the course of the investigation by the FBI , or to your knowledge , was ...
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... question because Mr. An- nunzio wants to move on to the next panel . Let me ask two quick questions . You had a 15.
... question because Mr. An- nunzio wants to move on to the next panel . Let me ask two quick questions . You had a 15.
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... questions . You had a guarantee , or it was a payment plan , rather , that went 3 , 6 or 18 months . Did Mr. Gray ... question about the phone lines . Did there come a time when the 9,000 folks complaining and the fran- chise people ...
... questions . You had a guarantee , or it was a payment plan , rather , that went 3 , 6 or 18 months . Did Mr. Gray ... question about the phone lines . Did there come a time when the 9,000 folks complaining and the fran- chise people ...
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Common terms and phrases
accurate information adverse information advertising ARNOLD Associated Credit Bureaus Attorney bad credit believe Better Business Bureau bill bonding requirement California Chairman ANNUNZIO charge clients consumer credit reports consumer reporting consumer reporting agency consumer's credit contract correct counselors credit bureau reports credit cards credit clinics credit counseling credit file credit grantors credit history credit information credit problems credit profile credit rating credit repair businesses credit repair clinics credit repair companies credit repair organizations credit repair services Credit Reporting Act credit reporting bureaus Credit Services Credit-Rite creditors customers debt deceptive deleted Design Systems disclosure dispute Donald Gray enforcement Fair Credit Reporting FCRA Federal Trade Commission franchises fraud Gray HALFORD HILER Honorable Frank Annunzio inaccurate Jim Gray Jim Mattox NRMA operations payment PRINS promise record Repair Organizations Act ROBERTS says Section 405 statement Subcommittee sumer surety bond Thank tion WYLIE
Popular passages
Page 178 - ... right to dispute inaccurate information in your credit report by contacting the credit bureau directly. However, neither you nor any "credit repair" company or credit repair organization has the right to have accurate, current, and verifiable information removed from your credit report. The credit bureau must remove accurate, negative information from your report only if it is over 7 years old. Bankruptcy information can be reported for 10 years. "You have a right to obtain a copy of your credit...
Page 169 - Civil liability (a) Except as otherwise provided in this section, any creditor who fails in connection with any consumer credit transaction to disclose to any person any information required under this chapter to be disclosed to that person is liable to that person in an amount equal to the sum of (1) twice the amount of the finance charge in connection with the transaction, except that the liability under this paragraph shall not be less than $100 nor greater than $1,000 ; and...
Page 8 - ... the Chief of the Weather Bureau, regrets he is unable to be here. He is in Europe as head of a scientific delegation to the Soviet Union. I have been asked by Dr. White to represent the Weather Bureau. My name is NA Lieurance, I am the Director of Aviation Weather Affairs of the US Weather Bureau. I have a short statement, Mr. Chairman, that I would like to read for the record. Mr. WILLIAMS. All right, sir, proceed. Mr. LIEURANCE. The Weather Bureau has cooperated with the Federal Aviation Agency...
Page 51 - If the completeness or accuracy of any item of information contained in his file is disputed by a consumer, and such dispute is directly conveyed to the consumer reporting agency by the consumer, the consumer reporting agency shall within a reasonable period of time reinvestigate and record the current status of that information unless it has reasonable grounds to believe that the dispute by the consumer is frivolous or irrelevant. If after such reinvestigation such information is found to be inaccurate...
Page 145 - Columbia is pleased to participate in this hearing on the important issue of coordination of criminal justice activities in the District of Columbia. The US attorney's office for the District of Columbia...
Page 174 - Section 611 is designed to provide consumers with a self-help mechanism to correct credit reports that contain inaccurate or incomplete information. Correcting and updating such information benefits creditors as well as consumers by helping to ensure that credit-granting decisions are made on the basis of complete and accurate information reflecting the probable creditworthiness of the consumer.
Page 63 - National Foundation for Consumer Credit, 8701 Georgia Ave., Silver Spring, Md. 20910; 589-5600.
Page 26 - Thank you. [The prepared statement of Ms. Noonan can be found in the appendix.] Chairman ANNUNZlO.
Page 42 - I thank you, very much. [Whereupon, at 12:12 pm, the hearing was adjourned.] APPENDIX September 15, 1988 ierft Suraus. BefoeĞ 15, 199
Page 26 - Without objection, the full statement will be made part of the record. STATEMENT OF GEORGE L.