State legislative issues facing the credit reporting industry

Article Abstract:

Legislation for additional control of the credit-reporting industry and the supply of information to consumers has been proposed in several states. Legislators appear to have forgotten the states' mandate for education for its citizens, and place the costly responsibility on industry. The most prominent proposals concern free file disclosures under a number of conditions. Attention is also being given to notification of adverse action by either consumer reporting agencies or credit grantors and the availability of credit risk scores to consumers.

Analysis, Management, Credit bureaus, Liability for credit information, Credit liability

---

International Credit Association looks at legislation

Article Abstract:

Issues of concern to the credit industry are to be found in both Federal and state legislatures, and five of the most important are examined in this legislative update. These five issues are: revenue; collection practices; credit reporting; credit card reporting; and general consumer protection. Under the category of general consumer protection is the popular legislative effort aimed at unsolicited telephone calls, and the approaches to this problem range from prohibition to intensive regulation.

DEPOSITORY INSTITUTIONS, Economic aspects, Credit management

---

Similar abstracts:

• Abstracts: Standard credit bureau reporting. The times they are a changin.' (Fair Credit Reporting Act) The chicken or the egg?
• Abstracts: TRW Information Services. Trans Union Credit Information Co. Breach of security or confidentiality?
• Abstracts: Interest vs. finance charge. The times they are a'changing: credit marketing has evolved into a powerful function
• Abstracts: Effect of credit card rate controls on consumers and the economy. Credit: a family affair

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.