FACTA:CRAs to Issue Accuracy/Integrity Rules to Furnishers

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David A. Szwak
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Joined: Tue Jul 26, 2005 4:15 am

FACTA:CRAs to Issue Accuracy/Integrity Rules to Furnishers

Post by David A. Szwak »

[b44][u44]Information Accuracy[/u44]

Agencies to issue new accuracy and integrity regulations for furnishers[/b44].

The agencies that enforce the FCRA will establish guidelines for furnishers regarding the accuracy and integrity of furnished information and will issue regulations requiring furnishers to establish reasonable policies and procedures for implementing those guidelines. However, consumers may not privately enforce these new responsibilities and states are preempted from regulating the subject matter of the provision.
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Return to “FCRA Statute And Amendments: 15 U.S.C. 1681, et. seq.”