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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Page 3
... industry benefiting by credit reporting agen- cies and representatives of the credit reporting agencies and associ- ated credit bureaus themselves . I notice my friend , Walter Kurth , who is president of the Associ- ated Credit Bureaus ...
... industry benefiting by credit reporting agen- cies and representatives of the credit reporting agencies and associ- ated credit bureaus themselves . I notice my friend , Walter Kurth , who is president of the Associ- ated Credit Bureaus ...
Page 9
... industry and the lack of a substantial review of the act since its passage . I recommended to new members of this subcommittee that they review the report of that hearing in order to have a thorough un- derstanding of the issue . I have ...
... industry and the lack of a substantial review of the act since its passage . I recommended to new members of this subcommittee that they review the report of that hearing in order to have a thorough un- derstanding of the issue . I have ...
Page 23
... industry and the plight of consumers , I re- quested my Trans Union credit file 1 week ago . Upon review of my current credit file , despite Trans Union's statement to the FTC , my consumer credit report is neither accu- rate nor ...
... industry and the plight of consumers , I re- quested my Trans Union credit file 1 week ago . Upon review of my current credit file , despite Trans Union's statement to the FTC , my consumer credit report is neither accu- rate nor ...
Page 41
... INDUSTRY RELATIONS AT THE U.S. OFFICE OF CONSUMER AFFAIRS Ms. WALLACE . Good afternoon . My name is Ann Wallace , and I am Director of the United States Office of Consumer Affairs . I am pleased to be here to provide our views on some ...
... INDUSTRY RELATIONS AT THE U.S. OFFICE OF CONSUMER AFFAIRS Ms. WALLACE . Good afternoon . My name is Ann Wallace , and I am Director of the United States Office of Consumer Affairs . I am pleased to be here to provide our views on some ...
Page 42
... industry . I believe that many consumers are not aware of how their credit is reported or what is done with their ... industry and business groups . I appreciate the chance to provide you with our concerns and look foward to working with ...
... industry . I believe that many consumers are not aware of how their credit is reported or what is done with their ... industry and business groups . I appreciate the chance to provide you with our concerns and look foward to working with ...
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Common terms and phrases
accuracy accurate adverse action advertising Affairs and Coinage amendments application bank believe Broker CBA and ABA CBI credit information Chairman TORRES companies complaints concerns Congress Consumer Affairs consumer credit information consumer reporting agencies consumer's credit Consumers Union copy correct cost credit bureaus credit card credit files credit grantors credit history 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 mailing lists MCCANDLESS NOONAN notice notify obtain offer permissible purposes Preference Service prescreened list problem procedures proposed protection receive records reinvestigation request require Social Security number solicitations statement subscribers sumer telephone Telephone Preference Service testimony Thank third party tion Trans Union transactions users Wiggins
Popular passages
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 538 - ... 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 636 - 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.
Page 172 - 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.