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FDIC

RIN: 3064-AC99

Publication ID: Fall 2007

Title: Procedures To Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies
Abstract: The OCC, Board, FDIC, OTS, NCUA, and FTC (the Agencies) are requesting comments to gather information useful for developing the guidelines and regulations required by section 312 of the Fair and Accurate Credit Transactions Act (FACT Act). Pursuant to section 312, the Agencies, acting in consultation and coordination, must: Establish guidelines for use by persons that furnish information to consumer reporting agencies (furnishers) regarding the accuracy and integrity of the consumer information that they furnish to those agencies; and prescribe regulations that require furnishers to establish reasonable policies and procedures for implementing the guidelines. Section 312 also requires the Agencies jointly to prescribe regulations that identify the circumstances under which a furnisher shall be required to reinvestigate a dispute concerning the accuracy of information contained in a consumer report on a consumer based on a direct request of the consumer.
Agency: Federal Deposit Insurance Corporation(FDIC)	Priority: Other Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 12 CFR 334
Legal Authority: Not Yet Determined

Legal Deadline: None

Timetable:

Action	Date	FR Cite
ANPRM	03/22/2006	71 FR 14419
ANPRM Comment Period End	05/22/2006
Final Action	12/00/2007

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Information URL: http://www.fdic.gov/regulations/laws/federal/propose.html	Public Comment URL: http://www.fdic.gov/regulations/laws/federal/2006/06comanprfacta.html
RIN Data Printed in the FR: No
Agency Contact: David P. LaFleur Policy Analyst Federal Deposit Insurance Corporation Washington, DC 20429 Phone:202 898-6569 John M. Jackwood Acting Chief, Compliance Section Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3991 Email: jjackwood@fdic.gov Richard M. Schwartz Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-7424 Email: rischwartz@fdic.gov Richard Foley Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3784 Email: rfoley@fdic.gov