CRA_DR_Blue_V2.0.jpg
Intelicrunch_Banner_Header.jpg

FTC Seeks Comments on Proposed Changes to Rules Implementing the Fair Credit Reporting Act


On August 24, 2020, the Federal Trade Commission (FTC) issued a press release announcing five Notices of Proposed Rulemaking and requesting public comment on their proposed changes to the rules that implement the Fair Credit Reporting Act (FCRA).  The proposed changes correspond to the changes made to the FCRA by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).

The FTC proposes changes to the following five, existing rules (“FCRA rules”):

  • The Address Discrepancy Rule, which outlines the information collection requirements for consumer reporting agencies when they receive a notice of address discrepancy. 16 C.F.R. Part 641.

  • The Affiliate Marketing Rule, which provides “consumers the right to restrict a person from using certain information obtained from an affiliate to make solicitations to the consumer.” 16 C.F.R. Part 680.

  • The Furnisher Rule, which requires entities that furnish information to CRAs to establish policies and procedures “regarding the accuracy and integrity of the information relating to consumers provided to a CRA.” 16 C.F.R. Part 660.

  • The Pre-Screen Opt-Out Notice Rule, which outlines “requirements for those who use consumer report information to make unsolicited credit or insurance offers to consumers” 16 C.F.R. Parts 642 and 698.

  • The Risk-Based Pricing Rule, which requires “those who use information from a consumer report to offer less favorable terms to consumers to provide them with a notice about the use of such data.” 16 C.F.R. Part 640. FULL ARTICLE

© 2020  InteliCrunch.com

InteliCrunch is a free service provided by a collective of people who monitor the background screening industry and how events affect not only the people in it, but even more importantly, the real human impact the industry has on today's society.*All third party logos and / or images used on this website are the sole property and / or registered trademarks of their respective companies or copyright holders. Use of these logos, images or likenesses does not, in any way, imply the endorsement of InteliCrunch by any of the businesses, brands or individuals represented, their parent companies, officers, employees, partners, or affiliates. Any such usage is for informational / news purposes only.  Any / all articles, announcements, releases or third-party-authored content is / are linked back to the original "source"  and author credit given  Furthermore, InteliCrunch is not responsible for, and does not warrant the safety of any third-party links or sites to which any viewer may be directed from InteliCrunch.  InteliCrunch has made reasonable efforts to ensure that any news or informational links on the site are from "known and reputable"  sources / websites.