Fair Credit Reporting: Hearings Before the Subcomiittee on Consumer Affairs of ... , 91-2 on H.R. 16340 ... , March 17 ... April 8, 19701970 - 638 pages |
Common terms and phrases
action adverse ANGEVINE applicant Associated Credit Bureaus bank bankrupt bankruptcy believe BURGE committee computerized Congress consumer credit consumer reporting agency correct court credit files credit grantors credit information credit rating credit reporting agencies credit risk creditors damages debt debtor denied credit Diners Club disclosure employers employment enforcement erroneous error fact Fair Credit Reporting Federal Reserve Federal Reserve Board Federal Trade Commission furnished GALLAGHER going hearings HECKLER House individual individual's investigative reports KNAUER legislation letter liability loan Madam Chairman National negligence notify obtained person PRIETSCH problem procedures protection public record information purposes question reasonable regulations request require Retail Credit section 31 Senate bill sources SPAFFORD specific statement subcommittee SULLIVAN sumer Task Force Thank tion transaction Truth in Lending Truth-in-Lending Act Westin
Popular passages
Page 532 - ... the class is so numerous that joinder of all members is impracticable, (2) there are questions of law or fact common to the class, (3) the claims or defenses of the representative parties are typical of the claims or defenses of the class, and (4) the representative parties will fairly and adequately protect the interests of the class.
Page 47 - Be it enacted by the Senate and House of Representatives of the United States oj America in Congress assembled, That...
Page 15 - Any action under this section may be brought in any United States district court, or in any other court of competent jurisdiction, within one year from the date of the occurrence of the violation.
Page 575 - consumer report" means any written, oral, or other communication of any information by a consumer reporting agency bearing on a consumer's credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living which is used or expected to be used or collected in whole or in part for the purpose of serving as a factor in establishing the consumer's eligibility for...
Page 601 - ... (b) Whenever credit for personal, family, or household purposes involving- a consumer is denied or the charge for such credit is increased either wholly or partly because of information obtained from a person other than a consumer reporting agency bearing upon the consumer's credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living, the user of such information shall, within a reasonable period of time...
Page 21 - Act, in the case of (A) national banks, by the Comptroller of the Currency. (b) member banks of the Federal Reserve System (other than national banks), by the Board. (c) banks insured by the Federal Deposit Insurance Corporation (other than members of the Federal Reserve System), by the Board of Directors of the Federal Deposit Insurance Corporation. (2) section 5(d) of the Home Owners...
Page 137 - If any word, statement or other information required by or under authority of this Act to appear on the label or labeling is not prominently placed thereon with such conspicuousness (as compared with other words, statements, designs, or devices, in the labeling) and in such terms as to render it likely to be read and understood by the ordinary individual under customary conditions of purchase and use.
Page 20 - ... of the information to the consumer. The user of such information shall clearly and accurately disclose to the consumer his right to make such written request at the time such adverse action is communicated to the consumer.
Page 519 - Consumer reporting agencies have assumed a vital role in assembling and evaluating consumer credit and other information on consumers. (4) There is a need to insure that consumer reporting agencies exercise their grave responsibilities with fairness, impartiality, and a respect for the consumer's right to privacy.
Page 603 - Notwithstanding the provisions of section 604, a consumer reporting agency may furnish identifying information respecting any consumer, limited to his name, address, former addresses, places of employment, or former places of employment, to a governmental agency.