Legislation '91
Article Abstract:
Several issues pertaining to the credit industry are expected to be considered by legislators at both the state and the federal level in 1991. Federal issues will include the garnishment of federal employees' wages, telephone monitoring regulations, and amendments to the Fair Credit Reporting Act. Proposed state legislation will focus on such issues as pre-screening restrictions, free credit bureau reports, and re-verification procedures. Proposals have been made to amend Maine's consumer credit and credit reporting laws in several areas, including the disclosure of the credit reporting agencies used by credit grantors, the registration requirements of credit reporting agencies, and the removal of disputed information from records.
Publication Name: Credit World
Subject: Banking, finance and accounting industries
ISSN: 0011-1074
Year: 1991
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102nd Congress begins
Article Abstract:
The credit industry will be affected by several bills introduced during the 102nd session of Congress. Several bills have been introduced to amend the Fair Credit Reporting Act, with provisions such as the elimination of prescreening, the reduction of the amount of time that derogatory information may be kept on file, and the provision of free credit reports to consumers on an annual basis. Several bills have been introduced regarding the issue of privacy. The bills involve such issues as the regulation of telephone solicitations, and the prohibition of the exchange of information without prior approval.
Publication Name: Credit World
Subject: Banking, finance and accounting industries
ISSN: 0011-1074
Year: 1991
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Privacy wrap-up
Article Abstract:
Legislators are considering several issues related to consumer privacy. More than 12 states have introduced legislation to prevent retailers from recording personal information on consumers' credit card receipts or checks. Many states have also introduced bills to require all involved parties to consent to telephone monitoring. Most legislators feel that the use of automated dialing and recorded message players, which are used to notify customers of the arrival of catalog merchandise, does not invade privacy.
Publication Name: Credit World
Subject: Banking, finance and accounting industries
ISSN: 0011-1074
Year: 1990
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