Fair Credit Reporting Act Update-2010

摘要

This year, as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Consumer Financial Protection Act ("CFPA") revised the Fair Credit Reporting Act ("FCRA") enforcement and rulemaking scheme, and imposed new obligations on businesses that use consumer reports. Meanwhile, as discussed below, agency rulemaking efforts under the Fair and Accurate Credit Transactions Act ("FACT Act") continued, with amendments to the Free Credit Report Rule and the completion of the final major rule under the FACT Act, the Risk-Based Pricing Rule.