3.0.0 3525 2023-01-11T20:30:50Z 2023-01-11T20:30:50Z House H HR 2007-09-14 110 hsba00 Financial Services Committee House Standing Referred to 2007-09-14T14:02:05Z 2007-09-14 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2007-09-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-09-14 Introduced in House IntroReferral 1000 9 Library of Congress F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 N Finance and Financial Sector Administrative procedure Commerce Consumer credit Consumer protection Department of the Treasury Federal Deposit Insurance Corporation Federal Reserve System Federal Trade Commission Government Operations and Politics Independent regulatory commissions Law National Credit Union Administration Finance and Financial Sector 00 2007-09-14 Introduced in House 2008-01-29T22:24:25Z FACT Act Rulewriting Improvement Act of 2007 - Amends the Fair Credit Reporting Act to confer responsibility upon the Federal Trade Commission (FTC) alone to establish accuracy guidelines and prescribe regulations (according to the Fair and Accurate Credit Transactions Act of 2003, or the FACT Act of 2003): (1) for furnishers of information to consumer reporting agencies; and (2) about the circumstances under which such a furnisher shall be required to reinvestigate a dispute concerning the accuracy of information in a consumer report, based on a consumer's direct request. (Currently the FTC, the federal banking agencies, and the National Credit Union Administration are jointly required to establish such guidelines and prescribe such regulations.)

Directs the federal banking agencies and the National Credit Union Administration to establish guidelines and prescribe regulations within their respective jurisdictions that are the same or substantially similar to those prescribed by the FTC.

]]> FACT Act Rulewriting Improvement Act of 2007 Official Title as Introduced To require rapid implementation of guidelines and regulations regarding the accuracy of consumer information furnished to consumer reporting agencies that were required to be established by the Fair and Accurate Credit Transactions Act of 2003 and have not been implemented, to provide that the Federal Trade Commission shall take the lead in implementation of the guidelines and regulations, and for other purposes. Introduced in House IH Display Title FACT Act Rulewriting Improvement Act of 2007 Short Titles as Introduced FACT Act Rulewriting Improvement Act of 2007 Introduced in House 2007-09-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr3525ih/xml/BILLS-110hr3525ih.xml 2007-09-14 Referred to the House Committee on Financial Services. 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.