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, June 6, 1991, Volume 4 |
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accuracy accurate adverse action advertising Affairs and Coinage amendments application bank believe Broker CBA and ABA Chairman TORRES companies complaints concerns Congress Consumer Affairs consumer reporting agencies consumer's credit copy correct cost CRAS credit bureaus credit card credit files credit grantors credit history credit information credit repair Credit Reporting Act credit reporting agencies credit reporting industry credit reporting system creditors customers Direct Marketing Association disclosure Discover card employment Equifax errors Fair Credit Reporting FCRA Federal Trade Commission furnish inaccuracies inaccurate information issue legislation Lehman mailing lists MCCANDLESS NOONAN notice notify obtain offer permissible purposes prescreened list problem procedures prohibit proposed protection receive records reinvestigation request require Social Security number solicitations statement Subcommittee on Consumer subscribers sumer telephone Telephone Preference Service testimony Thank Trans Union transactions users Wiggins
Popular passages
Page 155 - consumer credit report" means any written, oral or other communication of any information by a consumer reporting agency bearing on a consumer's credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics or mode of living...
Page 251 - B. intends to use the information for employment purposes; or C. intends to use the information in connection with the underwriting of insurance involving the consumer; or D. intends to use the information in connection with a determination of the consumer's eligibility for a license or other benefit granted by a governmental instrumentality required by law to consider an applicant's financial responsibility or status; or E. otherwise has a legitimate business need for the information in connection...
Page 332 - A creditor may not be held liable in any action brought under this section for a violation of this chapter if the creditor shows by a preponderance of evidence that the violation was not intentional and resulted from a bona fide error notwithstanding the maintenance of procedures reasonably adapted to avoid any such error.
Page 261 - consumer report' means any written, oral, or other communication of any information by a consumer reporting agency bearing on a consumer's credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living which is used or expected to be used or collected in whole or in part for the purpose of serving as a factor in establishing the consumer's eligibility for...
Page 271 - Any organization creating, maintaining, using, or disseminating records of identifiable personal data must assure the reliability of the data for their intended use and must take precautions to prevent misuse of the data...
Page 686 - A consumer reporting agency may furnish a consumer report under the following circumstances and no other: (1) In response to the order of a court having jurisdiction to issue such an order. (2) In accordance with the written instructions of the consumer to whom it relates. (3) To a person which it has reason to believe — (A) intends to use the information in connection with a credit transaction involving the consumer on whom the information is to be furnished and involving the extension...
Page 216 - There must be no personal data record-keeping systems whose very existence is secret. There must be a way for an individual to find out what information about Him is in a record and how it is used . There must be a way for an individual to prevent information about him that was obtained for one purpose from being used or made available for other purposes without his consent.
Page 686 - Federal grand jury. (2) In accordance with the written instructions of the consumer to whom it relates. (3) To a person which it has reason to believe (A) intends to use the information in connection with a credit transaction involving the consumer on whom the information is to be furnished and involving the extension of credit to, or...
Page 683 - CRS assists committees in analyzing legislative proposals and issues, and in assessing the possible effects of these proposals and their alternatives. The Service's senior specialists and subject analysts are also available for personal consultations in their respective fields of expertise.
Page 174 - 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.