3.0.0 2796 2023-01-15T05:47:35Z 2023-01-15T05:47:35Z House H HR 2003-07-18 108 hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2003-08-04T16:00:01Z Referred to 2003-07-18T13:00:15Z 2003-08-04 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2003-07-18 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2003-07-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2003-07-18 Introduced in House IntroReferral 1000 9 Library of Congress T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 N Finance and Financial Sector Civil Rights and Liberties, Minority Issues Commerce Congress Congressional reporting requirements Consumer credit Consumer education Consumer protection Discrimination in insurance Governmental investigations Insurance Insurance companies Restrictive trade practices Finance and Financial Sector 00 2003-07-18 Introduced in House 2003-10-21T18:43:03Z Consumer Credit Protection Act Amendments of 2003 - Amends the Fair Credit Reporting Act to set forth impermissible uses of consumer credit scores by an insurance provider with respect to a consumer or insurance applicant.

Mandates that any credit scoring system used to generate any risk or credit score be in compliance with the Equal Credit Opportunity Act.

Requires a consumer reporting agency, upon request, to disclose to the consumer clearly and accurately all information in the consumer's file, including: (1) credit consumer reports and any information concerning reports and credit scores; (2) any other risk scores or predictors, including any credit scores used; and (3) a clear, concise summary of how the scores and predictors are derived.

Cites circumstances that require a consumer reporting agency to furnish free disclosures upon request.

Requires every consumer reporting agency taking adverse action based upon a consumer report to: (1) provide a copy of such report, including other risk scores or predictors, and credit scores used; and (2) provide a written summary of all consumer rights and how to exercise them.

]]> Consumer Credit Protection Act Amendments of 2003 Display Title Consumer Credit Protection Act Amendments of 2003 Official Title as Introduced To amend the Fair Credit Reporting Act to prohibit the use of consumer credit history for any insurance purpose and to require the disclosure of consumer reports and the credit scoring procedure in order to prevent inaccuracies and mistakes in consumer credit reports, and for other purposes. Introduced in House IH Short Titles as Introduced Consumer Credit Protection Act Amendments of 2003 Introduced in House 2003-07-18T04:00:00Z 2003-08-04 Referred to the Subcommittee on Financial Institutions and Consumer Credit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.