Preventing Consumer Reporting Agencies From Avoiding Their Obligations Under Law
Tuesday, March 02, 2004
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.