Fair Credit Reporting Act -- 1973, Hearings Before the Subcommittee on Consumer Credit of ..., 93-1 on S.2360 ..., October 1, 2, 3, 4, and 5, 1973 |
Common terms and phrases
adverse action Alphabetical List amendment to Section American application for insurance Association Assurance banks basis believe Canada Chairman confidential consumer credit consumer reporting agency consumer's copy cost credit bureau credit card credit grantors credit information credit profile Credit Reporting Act credit reporting agency creditor decision denied credit disclose disclosure employment Executive Committee Fair Credit Reporting FCRA Federal Trade Commission furnish health insurance individual information contained inquiry insurance companies interviews investigative consumer report investigative reports letter List of Members listed elsewhere Medical Information Bureau member companies Mutual National NRMA obtained Office P. O. Box person policies present procedures proposed amendment protection questions reason record Reinsurance reporting company request Section 615 Senator PROXMIRE sources statement Subcommittee sumer tion TRW Credit Data underwriting users of consumer Vice Pres WILBERDING William Proxmire Yes Yes
Popular passages
Page 744 - Privacy is the claim of individuals, groups, or institutions to determine for themselves when, how, and to what extent information about them is communicated to others.
Page 213 - The term does not include (A) any report containing information solely as to transactions or experiences between the consumer and the person making the report; (B) any authorization or approval of a specific extension of credit directly or indirectly by the issuer of a credit card or similar device; or...
Page 687 - consumer reporting agency" means any person which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers for the purpose of furnishing consumer reports to third parties, and which uses any means or facility of interstate commerce for the purpose of preparing or furnishing consumer reports. (g) The term "file," when used in connection with information...
Page 742 - ... prospective user prior to furnishing such user a consumer report. No consumer reporting agency may furnish a consumer report to any person if it has reasonable grounds for believing that the consumer report will not be used for a purpose listed in section 604. (b) Whenever a consumer reporting agency prepares a consumer report it shall follow reasonable procedures to assure maximum possible accuracy of the information concerning the individual about whom the report relates.
Page 353 - Except as provided in sections 616 and 617 [§§ 1681n and 1681o] of this title, no consumer may bring any action or proceeding in the nature of defamation, invasion of privacy, or negligence with respect to the reporting of information...
Page 185 - ... invasion of privacy, or negligence with respect to the reporting of information against any consumer reporting agency, any .user of information, or any person who furnishes information to a consumer reporting agency, based on information disclosed pursuant to section 609, 610, or 615, except as to false information furnished with malice or willful intent to injure such consumer.
Page 812 - A creditor may not be held liable in any action brought under this section for a violation of this chapter if the creditor shows by a preponderance of evidence that the violation was not intentional and resulted from a bona fide error notwithstanding the maintenance of procedures reasonably adapted to avoid any such error.
Page 687 - This leads, in what will be seen to be circular fashion, to the statury definition ofj'consumer report," which 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 346 - ... involving a consumer is denied or the charge for such credit or insurance is increased either wholly or partly because of information contained in a consumer report from a consumer reporting agency...
Page 375 - Part shall be enforced by the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation...