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 5
... enforcement authority over all parts of the FCRA . Currently the FTC only has the ability to seek criminal penalties or cease and desist orders against violators . This change would allow the FTC to impose civil penalties against viola ...
... enforcement authority over all parts of the FCRA . Currently the FTC only has the ability to seek criminal penalties or cease and desist orders against violators . This change would allow the FTC to impose civil penalties against viola ...
Page 12
... enforcement agen- cies as well in identifying instances of unauthorized access , and thus , deter unlawful invasions ... enforce the Act . We can think of no good reason why this remedy ought not be provided under the FCRA . Finally , we ...
... enforcement agen- cies as well in identifying instances of unauthorized access , and thus , deter unlawful invasions ... enforce the Act . We can think of no good reason why this remedy ought not be provided under the FCRA . Finally , we ...
Page 15
... enforcement language and explain exactly what the language you provided that is incorporated in 4213 could allow the FTC to do ? How would that differ from Mr. Rinaldo's scheme involving $ 10,000 in civil money- Ms. NOONAN . I think ...
... enforcement language and explain exactly what the language you provided that is incorporated in 4213 could allow the FTC to do ? How would that differ from Mr. Rinaldo's scheme involving $ 10,000 in civil money- Ms. NOONAN . I think ...
Page 16
... enforce violations of those rules in federal court and obtain civil penalties of up to $ 10,000 per violation . So ... enforcement scheme presently in place for most of the consumer credit legislation passed since 1975 , specifi- cally ...
... enforce violations of those rules in federal court and obtain civil penalties of up to $ 10,000 per violation . So ... enforcement scheme presently in place for most of the consumer credit legislation passed since 1975 , specifi- cally ...
Page 18
... permits pre - screening for an offer of credit and pre - screening is not permit- ted otherwise . Mr. HILER . So that - your interpretation does not have the force of law ? Ms. NOONAN . It is our enforcement position . Mr. 18.
... permits pre - screening for an offer of credit and pre - screening is not permit- ted otherwise . Mr. HILER . So that - your interpretation does not have the force of law ? Ms. NOONAN . It is our enforcement position . Mr. 18.
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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.