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Consumer Report - Everybody needs one!
If you've got bad credit or good credit, you need to see your
Consumer Report at least once per year!
The Consumer Reports are the basic products and services
of Consumer Reporting Agencies ( Credit bureaus ).
www . Consumer Report . com
| What is the "Consumer Report" |
| The Fair Credit Reporting Act (FCRA) |
| "Consumer report" in the U.S. government Web Sites |
| Consumer reporting agencies |
| References |
| Contact US |
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Definition
Consumer Report - Also called a "Credit Report" or "Consumer Credit Report".
Definition Of Consumer Report in a Fair Credit Reporting Act (FCRA) .
(d) Consumer Report (1) In general. The term "consumer report" means any written, oral, or other communication of any information by a consumer reporting agency bearing on a consumer's credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living which is used or expected to be used or collected in whole or in part for the purpose of serving as a factor in establishing the consumer's eligibility for (A) credit or insurance to be used primarily for personal, family, or household purposes; (B) employment purposes; or (C) any other purpose authorized under section 604 [§ 1681b]. (2) Exclusions. Except as provided in paragraph (3), the term "consumer report" does not include (A) subject to section 624, any (i) report containing information solely as to transactions or experiences between the consumer and the person making the report; (ii) communication of that information among persons related by common ownership or affiliated by corporate control; or (iii) communication of other information among persons related by common ownership or affiliated by corporate control, if it is clearly and conspicuously disclosed to the consumer that the information may be communicated among such persons and the consumer is given the opportunity, before the time that the information is initially communicated, to direct that such information not be communicated among such persons; (B) any authorization or approval of a specific extension of credit directly or indirectly by the issuer of a credit card or similar device; (C) any report in which a person who has been requested by a third party to make a specific extension of credit directly or indirectly to a consumer conveys his or her decision with respect to such request, if the third party advises the consumer of the name and address of the person to whom the request was made, and such person makes the disclosures to the consumer required under section 615 [§ 1681m]; or (D) a communication described in subsection (o) or (x). (3) Restriction on sharing of medical information. Except for information or any communication of information disclosed as provided in section 604(g)(3), the exclusions in paragraph (2) shall not apply with respect to information disclosed to any person related by common ownership or affiliated by corporate control, if the information is-- (A) medical information; (B) an individualized list or description based on the payment transactions of the consumer for medical products or services; or (C) an aggregate list of identified consumers based on payment transactions for medical products or services.
(e) The term “investigative consumer report” means a consumer report or portion thereof in which information on a consumer's character, general reputation, personal characteristics, or mode of living is obtained through personal interviews with neighbors, friends, or associates of the consumer reported on or with others with whom he is acquainted or who may have knowledge concerning any such items of information. However, such information shall not include specific factual information on a consumer's credit record obtained directly from a creditor of the consumer or from a consumer reporting agency when such information was obtained directly from a creditor of the consumer or from the consumer.
The Fair Credit Reporting Act (FCRA) is a United States federal law that regulates how consumer reporting agencies use consumer information. Enacted in 1970 and substantially amended in the late 1990s and again in 2003, the FCRA, among other things, restricts who has access to consumer sensitive credit information and how that information can be used. See The Fair Credit Reporting Act (FCRA) in Federal Trade Commission Protecting America's Consumers website http://www.ftc.gov/os/statutes/031224fcra.pdf
Fair Credit Reporting Act (FCRA) Legislative HistoryHouse Reports: No. 91-975 (Comm. on Banking and Currency) and No. 91-1587 (Comm. of Conference) Senate Reports: No. 91-1139 accompanying S. 3678 (Comm. on Banking and Currency) Congressional Record, Vol. 116 (1970) May 25, considered and passed House. Sept. 18, considered and passed Senate, amended. Oct. 9, Senate agreed to conference report. Oct. 13, House agreed to conference report. Enactment: Public Law No. 91-508 (October 26, 1970): Amendments: Public Law Nos. 95-473 (October 17, 1978) 95-598 (November 6, 1978) 98-443 (October 4, 1984) 101-73 (August 9, 1989) 102-242 (December 19, 1991) 102-537 (October 27, 1992) 102-550 (October 28, 1992) 103-325 (September 23, 1994) 104-88 (December 29, 1995) 104-93 (January 6, 1996) 104-193 (August 22, 1996) 104-208 (September 30, 1996) 105-107 (November 20, 1997) 105-347 (November 2, 1998) 106-102 (November 12, 1999) 107-56 (October 26, 2001) 108-159 (December 4, 2003)
"Consumer report(s)" in the U.S. government Web Sites
Federal Trade Commission & "Consumer Report"
"Consumer Report" in the Federal Trade Commission Protecting America's Consumers website www.FTC.gov See search results - about 1020 documents for "consumer report".
US Securities and Exchange Commission & "Consumer Report"
"Consumer Report" in the US Securities and Exchange Commission website www.SEC.gov See search results in Google for "consumer report"
US Food and Drug Administration & "Consumer Report"
"Consumer Report" in the US Food and Drug Administration website www.FDA.gov See search results in Google for "consumer report"
Federal Reserve System & "Consumer Report"
"Consumer Report" in the Federal Reserve System website www.federalreserve.gov See search results in Google for "consumer report"
See Other Google search for "consumer report" in other dot gov websites : United States Department of Justice"consumer report" site:whitehouse.gov - White House
Definition Consumer Reporting Agency - Also called a "Credit Bureau" Definition Of Consumer Reporting Agency in a Fair Credit Reporting Act (FCRA) : The term “consumer reporting agency” means any person which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers for the purpose of furnishing consumer reports to third parties, and which uses any means or facility of interstate commerce for the purpose of preparing or furnishing consumer reports. What Credit Bureaus do - Consumer Reports ( Credit Reports ):
The Consumer Reports (Credit Reports) are the basic products and services of Consumer Reporting Agencies ( Credit bureaus ).The three major Consumer Reporting Agencies (Credit Bureaus) in USA are:
List of Credit Reporting Agencies by countryhttp://en.wikipedia.org/wiki/Credit_bureau
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