HR 4644
106th Congress
House
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Commerce
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Fair Credit Reporting Act Amendments of 2000
Introduced: June 13, 2000
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 20, 2000
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Jun 13, 2000
Referred to the House Committee on Banking and Financial Services.
Jun 13, 2000
Introduced in House
Plain-English summary
Fair Credit Reporting Act Amendments of 2000 - Amends the Fair Credit Reporting Act (FCRA) to mandate that, upon consumer request, a consumer reporting agency: (1) furnish an annual credit report free of charge; and (2) disclose credit risk scores or other predictors contained in the consumer's file, including the factors and relative weights taken into account, and the extent to which such factors raise or lower the score or predictor. (Currently such disclosures are prohibited).
Prohibits the inclusion of certain small debts in a consumer report under specified circumstances.
Directs the Board of Governors of the Federal Reserve System and the Federal Trade Commission to: (1) monitor and review the extent to which consumer reporting agencies and purveyors of information to such agencies comply with FCRA requirements for the prompt investigation of matters in dispute and the prompt correction of inaccurate or incomplete information, or information that cannot be verified; and (2) present a progress report to Congress.
What's happening now
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Committees of jurisdiction
2