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 8
... INDUSTRY RELATIONS , U.S. OFFICER OF CONSUMER AFFAIRS Dr. GUITON . I have joining me today Patricia Faley , director of industry relations at the U.S. Office of Consumer Affairs . I would like to thank you for this opportunity to offer ...
... INDUSTRY RELATIONS , U.S. OFFICER OF CONSUMER AFFAIRS Dr. GUITON . I have joining me today Patricia Faley , director of industry relations at the U.S. Office of Consumer Affairs . I would like to thank you for this opportunity to offer ...
Page 9
... industry already provide this option . The three major credit bureaus already subscribe to the Direct Marketing Association's telephones and mail preference service . These services help them remove the names of consumers who do not ...
... industry already provide this option . The three major credit bureaus already subscribe to the Direct Marketing Association's telephones and mail preference service . These services help them remove the names of consumers who do not ...
Page 10
... industry so the consumers themselves can play a role in insuring its fairness . If consumers are to do that , we need to help them to learn what kind of information is generally found in a credit record , drive home the point that ...
... industry so the consumers themselves can play a role in insuring its fairness . If consumers are to do that , we need to help them to learn what kind of information is generally found in a credit record , drive home the point that ...
Page 19
... industry and consumers as to the com- mission's view of what the law requires . Mr. HILER . What , Dr. Guiton , you mentioned , I think not so much in your statement but in response to a question that there is no free lunch and that ...
... industry and consumers as to the com- mission's view of what the law requires . Mr. HILER . What , Dr. Guiton , you mentioned , I think not so much in your statement but in response to a question that there is no free lunch and that ...
Page 27
... industry for a long time . If those numbers are inflated , I challenge them to come forward and show us how they are wrong . Let the industry perform internal audits , let them take 2000 credit reports , check the accuracy of the infor ...
... industry for a long time . If those numbers are inflated , I challenge them to come forward and show us how they are wrong . Let the industry perform internal audits , let them take 2000 credit reports , check the accuracy of the infor ...
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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.