Sentences with phrase «consumer reporting agencies subject»

Chances are you're also a consumer reporting agency subject to the Fair Credit Reporting Act.

Not exact matches

Products that are subject to the recall also include exports to China, Taiwan, Pakistan, Afghanistan, Iraq, Morocco, Lebanon, Sudan, Romania, Serbia, Georgia, Greece, Haiti, Colombia, and Peru, Reuters reported citing France's consumer protection agency DGCCRF.

The regulation from the state Department of Financial Services, which will be subject to a public comment period before it can be adopted, would mandate that consumer credit reporting agencies register with the state by Feb. 1 and re-register on an annual basis after that.

Gov. Andrew Cuomo, responding to the massive security breach at Equifax, will propose regulations today that subject credit reporting agencies to the same rules as banks and insurances companies in order to protect consumers.

(B) «Credit repair services organization» does not include: (i) Any person authorized to make loans or extensions of credit under the laws of this state or the United States who is subject to regulation and supervision by this state or the United States; (ii) Any bank or savings and loan institution whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Savings Association Insurance Fund of the Federal Deposit Insurance Corporation; (iii) Any nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986; (iv) Any person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (v) Any person licensed to practice law in this state if the person renders services within the course and scope of his or her practice as an attorney; (vi) Any broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission if the broker - dealer is acting within the course and scope of those regulatory agencies; or (vii) Any consumer reporting agency as defined in the federal Fair Credit Reporting Act (15 U.S.C. 1681 reporting agency as defined in the federal Fair Credit Reporting Act (15 U.S.C. 1681 Reporting Act (15 U.S.C. 1681 - 1681t).

(1) The following shall be exempt from the Credit Services Organization Act: (a) A person authorized to make loans or extensions of credit under the laws of this state or the United States who is subject to regulation and supervision by this state or the United States or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act, 12 U.S.C. 1701 et seq.; (b) A bank or savings and loan association whose deposit or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or a subsidiary of such a bank or savings and loan association; (c) A credit union doing business in this state; (d) A nonprofit organization exempt from taxation under section 501 (c)(3) of the Internal Revenue Code; (e) A person licensed as a real estate broker or salesperson under the Nebraska Real Estate License Act acting within the course and scope of that license; (f) A person licensed to practice law in this state acting within the course and scope of the person's practice as an attorney; (g) A broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (h) A consumer reporting agency; (i) A person whose primary business is making loans secured by liens on real property; (j) A person, firm, corporation, or association licensed as a collection agency in this state or a person holding a solicitor's certificate in this state acting within the course and scope of that license or certificate; and (k) A person licensed to engage in the business of debt management pursuant to sections 69 - 1201 to 69 - 1217.

«Credit Services Organization» does not include any of the following: (i) a person authorized to make loans or extensions of credit under the laws of this State or the United States who is subject to regulation and supervision by this State or the United States, or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act of 1987.

SB 909 says that if a Consumer Reporting Agency sends such data off - shore, they must first receive the informed consent of the subject of the background check

California SB 909 was signed into law on September 29, 2010 and requires Consumer Reporting Agencies (a.k.a. background screening firms) that instigate an investigative consumer report for employment purposes to provide the subject of the report with a Disclosure and Request for Consent in order for the subject's information to be sent outside of the United States or its terrConsumer Reporting Agencies (a.k.a. background screening firms) that instigate an investigative consumer report for employment purposes to provide the subject of the report with a Disclosure and Request for Consent in order for the subject's information to be sent outside of the United States or its terrconsumer report for employment purposes to provide the subject of the report with a Disclosure and Request for Consent in order for the subject's information to be sent outside of the United States or its territories.

Consumer Reporting Agencies (CRAs) will need to disclose the countries to which the subject's information will be off - shored, supply truncated social security numbers to off - shore processors, and have a privacy policy related to off - shored data.

CREA is NOT subject to any Provincial Regulaton, No Provincial Consumer Protection Agency or any Federal Laws attached to the financial sector reporting.