FTC Approves Changes to Five FCRA Rules
Sep 8, 2021 · The Federal Trade Commission approved final revisions that would bring several rules that implement parts of the Fair Credit Reporting Act (FCRA) in line with the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
Credit Reporting - Federal Trade Commission
Oct 31, 2018 · The Fair Credit Reporting Act promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies (CRAs). To ensure compliance, the agency pursues an aggressive enforcement program aimed at the main players in the consumer reporting system – CRAs, those who send them information, and consumer report users.
Consumer Financial Protection Bureau Releases Proposed Rule on Fair …
On December 3, 2024, the U.S. Consumer Financial Protection Bureau (the CFPB) announced a notice of proposed rulemaking that seeks to significantly expand the scope of the Fair Credit Reporting Act and its implementing regulation, Regulation V (collectively, the FCRA), and to impose new requirements on covered parties, such as data brokers (the ...
Fair Credit Reporting Act (FCRA) - Federal Trade Commission
Dec 5, 2024 · The FTC is announcing it is sending payments totaling $500,000 to consumers who were harmed by home security company Vivint Smart Homes, Inc., which allegedly misused credit reports to help unqualified customers get financing for the company’s products and services.
US Supreme Court rules that federal government can be liable under Fair ...
Feb 9, 2024 · In a unanimous slip opinion, the US Supreme Court ruled on Thursday that the Fair Credit Reporting Act (FCRA) waives sovereign immunity and that the federal government can be liable for incorrect debt reporting that damages credit scores.
CFPB Proposes To Expand Fair Credit Reporting Act …
1 day ago · On December 13, 2024, the Consumer Financial Protection Bureau (CFPB) published in the Federal Register a proposed rule that would revise Regulation V, 1 the CFPB's regulation implementing the Fair Credit Reporting Act (FCRA). The proposed rule would impose new limitations and obligations for many entities that collect, aggregate, sell, resell, license, enable the use of, or otherwise share ...
Justices take up Fair Credit Reporting Act case - SCOTUSblog
Jun 20, 2023 · Kirtz went to federal court in 2020, alleging that USDA had violated the Fair Credit Reporting Act, which (among other things) requires anyone who provides disputed information to credit reporting agencies like Trans Union to investigate it and, if necessary, correct it.
US proposes rule to prevent the sale of financial data to foreign ...
Dec 3, 2024 · Data brokers would have to comply under terms set by the Fair Credit Reporting Act, in an effort that aims to stop exploitation of Americans’ data overseas.
Credit reporting requirements (FCRA) - Consumer Financial Protection Bureau
Dec 3, 2024 · Resources to help industry understand, implement, and comply with the Fair Credit Reporting Act and Regulation V.
Data brokers may be banned from selling your social security …
Dec 3, 2024 · A new rule proposed by the Consumer Financial Protection Bureau would require data brokers to comply with the Fair Credit Reporting Act, limiting how they can buy and sell your information.