Amendments to the 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 First Congress, Second Session, June 12, 1990 |
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Page 1
... accuracy , relevancy , and proper use of such information . Three bills were introduced subsequent to the hearing ... accuracy . Also , my bill June 12, Appendix: June 12, Table of Contents General Page Accuracy in Description of Lists ...
... accuracy , relevancy , and proper use of such information . Three bills were introduced subsequent to the hearing ... accuracy . Also , my bill June 12, Appendix: June 12, Table of Contents General Page Accuracy in Description of Lists ...
Page 2
... accuracy . Also , my bill would prohibit re- porting agencies from using consumer files to develop lists for solic- itation purposes unless the consumer has been given notice of the right to protect his or her file from such use . I am ...
... accuracy . Also , my bill would prohibit re- porting agencies from using consumer files to develop lists for solic- itation purposes unless the consumer has been given notice of the right to protect his or her file from such use . I am ...
Page 4
... accurate , and even if a consumer does find out that his credit record has false or inaccurate information , it can be ... accuracy of their records . This will also eliminate a provision that allows credit bureaus to provide only the ...
... accurate , and even if a consumer does find out that his credit record has false or inaccurate information , it can be ... accuracy of their records . This will also eliminate a provision that allows credit bureaus to provide only the ...
Page 9
... accuracy of consumer records is also essential to basic fair- ness . It is the second area that I will address . Without a doubt , the maximum possible accuracy required by FCRA serves both consum- ers and industry . Yet many argue that ...
... accuracy of consumer records is also essential to basic fair- ness . It is the second area that I will address . Without a doubt , the maximum possible accuracy required by FCRA serves both consum- ers and industry . Yet many argue that ...
Page 13
... accuracy of information . My understanding from your testimony is that you support de- tailed records kept with regard to procedures followed in reinvesti- gations , but you oppose a requirement for detailed records being kept with ...
... accuracy of information . My understanding from your testimony is that you support de- tailed records kept with regard to procedures followed in reinvesti- gations , but you oppose a requirement for detailed records being kept with ...
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Common terms and phrases
addition adverse action Affairs and Coinage AFSA amended application banks believe broker CBA and ABA Chairman LEHMAN charge complaints Congress Consumer Affairs consumer credit consumer reporting agency consumer's credit consumer's file copy correct cost credit bureaus credit card credit file credit grantors credit history credit information credit repair organization Credit Reporting Act credit reporting agencies credit scoring creditors customers denied credit direct marketing disclosure dispute enforcement ensure Equifax errors Fair Credit Reporting FCRA Federal Trade Commission GUITON HILER Honorable Richard inaccurate information inquiries legislation limit loan Lotus MarketPlace mailing mortgage NOONAN notice notify obtain opt-out payment permissible purpose person pre-approved problem procedures prohibit proposed protection receive records reinvestigation reporting companies request require response Rinaldo Schumer Section 604 solicitation statement Subcommittee on Consumer subscriber subsection sumer testimony Trans Union transaction U.S. PIRG users violation
Popular passages
Page 72 - 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 672 - ... shall be fined not more than $5,000, or imprisoned for not more than one year, or both.
Page 94 - ... (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 review or collection of an account...
Page 775 - 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 767 - I hope this information will be helpful to you, and if I can be of any further assistance, please do not hesitate to call on me.
Page 88 - 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.
Page 676 - Following: any deletion of information which is found to be Inaccurate or whose accuracy can no longer be verified or any notation as to disputed information, the consumer reporting: agency shall, at the request of the consumer, furnish notification that the Item has been deleted or the statement, codification or summary pursuant to subsection (b) or (c...
Page 403 - State bank, a federally chartered depository institution (including a national bank) or a depository institution whose deposits and accounts are insured by the Federal Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation, or the National Credit Union Administration...
Page 246 - ... (2) not less than $100 or more than $1,000; except that in any case where the defendant establishes that the overcharge was not intentional...
Page 310 - Expenses of occasional public service efforts may be met, in part, by nonrestrictive, noncommercial contributions, grants and fees. In addition to reports on Consumers Union's own product testing, Consumer Reports.