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FDIC

RIN: 3064-AC99

Publication ID: Fall 2009

Title: Procedures To Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies
Abstract: The OCC, Board, FDIC, OTS, NCUA, and FTC (Agencies) published its final rules to implement the accuracy and integrity and direct dispute provisions in section 312 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act) that amended section 623 of the Fair Credit Reporting Act (FCRA). The final rules implement the requirement that the Agencies issue guidelines for use by furnishers regarding the accuracy and integrity of the information about consumers that they furnish to consumer reporting agencies (CRAs) and prescribe regulations requiring furnishers to establish reasonable policies and procedures for implementing the guidelines. These final rules also implement the requirement that the Agencies issue regulations identifying the circumstances under which a furnisher must reinvestigate disputes about the accuracy of information contained in a consumer report based on a direct request from a consumer.
Agency: Federal Deposit Insurance Corporation(FDIC)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: No	Unfunded Mandates: No
CFR Citation: 12 CFR 334
Legal Authority: 12 USC 1818 12 USC 1819 (Tenth) 12 USC 1631p-1 15 USC 1681a

Legal Deadline: None

Timetable:

Action	Date	FR Cite
ANPRM	03/22/2006	71 FR 14419
ANPRM Comment Period End	05/22/2006
NPRM	12/13/2007	72 FR 70974
NPRM Comment Period End	02/11/2008
Final Action	07/01/2009	74 FR 31484

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