X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON – The Federal Reserve Board announced in the Aug. 10 Federal Register that it is conducting a study on the adequacy of investigations of disputed consumer information reported to consumer reporting agencies, and is asking for public comment on issues that will assist in the preparation of the study as well as possible legislative and regulatory action to improve the dispute process. Comments are due by Sept. 17, 2004. The Fair and Accurate Credit Transactions Act of 2003 (FACT Act), as part of its effort to increase the accuracy of consumer reports, requires the Fed Board and the Federal Trade Commission to conduct a joint study of the extent to which consumer reporting agencies and providers of information to consumer reporting agencies comply with certain FCRA requirements. The FTC and Fed Board must jointly submit a progress report to Congress on the results of this study no later than Dec. 4, 2004. The study will focus on: the prompt investigation of disputed information; the completeness of information reported to consumer reporting agencies; and the prompt correction or deletion of any information that cannot be verified.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.