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Preventing Consumer Reporting Agencies From Avoiding Their Obligations Under Law

Tuesday, March 02, 2004

  • Organization: National Center on Poverty Law
The recently enacted Fair and Accurate Credit Transactions Act of 2003 requires the Federal Trade Commission (FTC) to adopt rules to prevent consumer reporting agencies from avoiding treatment as nationwide consumer reporting agencies. In this action, the FTC is adopting, and seeking comment on, an interim final rule that prohibits consumer reporting agencies from avoiding these obligations through any means, including corporate structuring or technological methods.

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