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
United States, United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Affairs and Coinage
U.S. Government Printing Office, 1991 - Consumer credit - 762 pages
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accuracy accurate action addition adverse advertising Affairs amendments application Association bank believe bill Chairman Chairman TORRES charge companies complaints concerns Congress consumer reporting agency consumer's contained copy correct cost credit bureaus credit file credit grantors credit information credit repair Credit Reporting Act credit reporting agencies creditors customers direct marketing disclosure Equifax errors fact Fair Credit Reporting FCRA Federal furnished give hearing important inaccurate individual industry interest involved issue June legislation limit major notice obtain offer opportunity organizations practices prescreening problem procedures prohibit proposed protection question reasonable receive record Representative request require response result statement Subcommittee telephone testimony Thank Trans Union transactions understand users
Page 328 - 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 247 - 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 536 - ... neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds.
Page 267 - 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 634 - Notice of cancellation given by the buyer need not take a particular form and is sufficient If it Indicates by any form of written expression the Intention of the buyer not to be bound by the home solicitation sale.
Page 214 - 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 257 - 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 268 - NIAP is a collaboration between the National Institute of Standards and Technology (NIST) and the National Security Agency (NSA) in fulfilling their respective responsibilities under the Computer Security Act of 1987.
Page 346 - We are required bv the law to follow reasonable procedures to assure maximum possible accuracy of the information that our members report.