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" We are required bv the law to follow reasonable procedures to assure maximum possible accuracy of the information that our members report. "
Fair Credit Reporting Act: Hearing Before the Subcommittee on Consumer ... - Page 346
by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Affairs and Coinage - 1991 - 762 pages
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Fair Credit Reporting Act -- 1973, Hearings Before the Subcommittee on ...

United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs - 1973 - 1014 pages
...B REQUIREMENT OF REASONABLE PROCEDURES TO ENSURE ACCURACY Agencies subject to the FCRA are required to follow "reasonable procedures" to assure "maximum possible accuracy" of the information furnished in consumer reports.69 The Act itself does not specify the precise procedures agencies should...
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Credit Reporting Abuses: Hearing, Ninety-third Congress, Second Session, on ...

United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Consumer Credit - Credit bureaus - 1974 - 68 pages
...violation of section 607 (b) of the Fair Credit Reporting Act, which requires a consumer reporting agency to follow reasonable procedures to assure maximum possible accuracy of the information in its reports. If the Federal Trade Commission should issue a formal complaint, Retail Credit Company...
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Consumer Information: Hearings Before the Subcommittee on Consumer Affairs ...

United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Consumer Affairs - Consumer credit - 1975 - 174 pages
...concerned about accuracy of the information reported by credit bureaus. We are required bv the law to follow reasonable procedures to assure maximum possible accuracy of the information that our members report. In cases where there is disputed accuracy, we can say to you that our statistics...
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Consumer Information: Hearings Before the Subcommittee on Consumer Affairs ...

United States. Congress. House. Banking, Currency and Housing Committee - 1975 - 166 pages
...concerned about accuracy of the information reported by credit bureaus. We are required by the law to follow reasonable procedures to assure maximum possible accuracy of the information that our members report. In cases where there is disputed accuracy, we can say to you that our statistics...
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Oversight on Consumer Protection Activities of Federal Banking Agencies ...

United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs - Banks and banking - 1976 - 634 pages
...report will not be used for ligitimate purposes. It is also incumbent on the consumer reporting agency to follow reasonable procedures to assure maximum possible accuracy of the information concerning the individual about whom the report relates. 3. Must certification be given each time a...
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Federal Trade Commission Decisions, Volume 86

United States. Federal Trade Commission - Competition, Unfair - 1976 - 1682 pages
...respondents are in violation of Section 607(a) of the Fair Credit Reporting Act. PAR. 6. Respondents fail to follow reasonable procedures to assure maximum possible accuracy of the information concerning the individuals to whom the consumer reports relate. Illustrative of the manner in which...
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Fair Finanical Information Practices Act: hearings before the Subcommittee ...

United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Consumer Affairs - 1980 - 1486 pages
...(l).def endant willfully failed to comply with I 607 (b) which requires • consumer reporting agency to follow "reasonable procedures to assure maximum possible accuracy of the Information concerning th< Individual about whom the report relate*,' and that f.tli-.ndant willfully failed to...
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Oversight of the Privacy Act of 1974: Hearings ..., Volume 4, Pages 93-974

United States. Congress. House. Committee on Government Operations. Government Information, Justice, and Agriculture Subcommittee - Government information - 1983 - 678 pages
...Quality The Fair Credit Reporting Act imposes an affirmative obligation on consumer reporting agencies to "follow reasonable procedures to assure maximum possible accuracy of the information concerning the individual." S 1681e(b). In addition, the Act prohibits the disclosure of obsolete information....
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Amendments to the Fair Credit Reporting Act: Hearing Before the Subcommittee ...

United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Affairs and Coinage - Consumer credit - 1990 - 860 pages
...AGENCIES HR 4213 would require a creditor that furnishes information to a consumer reporting agency to follow reasonable procedures to assure maximum possible accuracy of the information provided. In addition, the creditor would be required to maintain detailed records of such procedures...
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Use of Social Security Number as a National Identifier: Hearing Before the ...

United States. Congress. House. Committee on Ways and Means. Subcommittee on Social Security - Government publications - 1991 - 204 pages
...lessening the ability of the consumer reporting industry to meet the Congressional mandate in the FCRA to follow reasonable procedures to assure maximum possible accuracy of the information reported. ACB believes that consumers and credit granters would suffer the consequences of less accurate and...
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