FACTA Preemption: Limitations on Liability

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FACTA Preemption: Limitations on Liability

Postby Administrator » Sun Oct 02, 2005 7:00 pm

Limitations on Liability

FACTA further limits the ability of consumers to enforce their rights under the FCRA by expanding limits on liability for violations of the FCRA in three ways: by adding new responsibilities to sections that are covered by the FCRA’s pre-existing qualified immunity provision, by adding new responsibilities to sections covered by a pre-existing limitation of liability provision, and by adding new limitation of liability provisions. Finally, FACTA not only limits the right of consumers to enforce the FCRA, but also puts new restraints on the rights of states to bring actions to enforce many of the obligations imposed on furnishers.

Return to “FCRA Statute And Amendments: 15 U.S.C. 1681, et. seq.”

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