NCUA Issues Regulations on Consumer Reporting

Organizations that provide information about consumers to credit reporting agencies must include information about the individual's credit limit, under regulations released today by the NCUA and four other regulators.

Consumers who contend that their credit report contains inaccurate information may submit a dispute directly to the entity that provided the information to the consumer reporting agency, and that entity must investigate the dispute.

The regulators are also seeking additional input from the public about what additional information credit card issuers should be required to submit to credit report agencies, such as a date when an account was opened.

The regulations can be found here.

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