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FTC | RIN: 3084-AB63 | Publication ID: Fall 2020 |
Title: Fair Credit Reporting Act Rules | |
Abstract:
On September 21, 2020, the FTC issued several Notices of Proposed Rulemakings and initiated periodic review of several Fair Credit Reporting Act rules as part of the Commission's systematic review of all current Commission rules and guides. The comment periods close as set out in the Timetable below. These rules include: "Duties of Creditors Regarding Risk-Based Pricing," 16 CFR part 640; "Duties of Users of Consumer Reports Regarding Address Discrepancies," 16 CFR part 641; "Prescreen Opt-Out Notice," 16 CFR part 642; "Duties of Furnishers of Information to Consumer Reporting Agencies," 16 CFR part 660; and "Affiliate Marketing," 16 CFR part 680. The FTC's rulemaking authority for these rules is limited to motor vehicle dealers described in section 1029(a) of the Dodd-Frank Act that are predominantly engaged in the sale and servicing of motor vehicles, the leasing and servicing of motor vehicles, or both. The Commission plans to seek comments on, among other things, the economic impact and benefits of these rules; possible conflict between the rules and State, local, or other Federal laws or regulations; and the effect on the rules of any technological, economic, or other industry changes. |
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Agency: Federal Trade Commission(FTC) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 16 CFR 640 16 CFR 641 16 CFR 642 16 CFR 660 16 CFR 680 ... (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: Pub. L. 108-159, 117 Stat. 1952 Pub. L. 11-24, 123 Stat. 1734 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
Small Entities Affected: Businesses | |
Included in the Regulatory Plan: No | |
RIN Information URL: https://www.ftc.gov/news-events/press-releases/2020/08/ftc-seeks-comment-changes-effectiveness-five-fcra-rules | |
RIN Data Printed in the FR: No | |
Related RINs: Previously reported as 3084-AB31, Previously reported as 3084-AA94 | |
Agency Contact: David Lincicum Federal Trade Commission 600 Pennsylvania Avenue NW, CC-8232, Washington, DC 20580 Phone:202 326-2773 Email: dlincicum@ftc.gov |