Page 5 - Reporting Act News Today

In this Issue. The Office of the Comptroller of the Currency (OCC) issued guidance for banks regarding the applicability of legal lending limits to purchased loans...

On August 15, CFPB Director Rohit Chopra announced plans for new CFPB rules that would strictly limit the types of consumer data that can be sold by businesses and ensure that data brokers comply...

Definition of Credit Bureau Agencies Credit bureau agencies are specialised organisations that gather, maintain, and share credit information about individuals and businesses. They play a vital role in the financial ecosystem by giving lenders insights into a borrower’s credit history, outstanding debts, payment behaviour, and overall creditworthiness. These agencies thus…

On July 28, the U.S. Department of Labor, Office of Labor-Management Standards, issued its final revision of Form LM-10 and a Fact Sheet. The revised form will require employers who use...

The Name Accuracy in Credit Reporting Act would require credit reporting agencies to stop using consumers’ deadnames.

On June 18, 2023, Texas enacted the Texas Data Privacy and Security Act (TDPSA), joining the rapidly growing list of U.S. states with comprehensive data privacy laws.

WASHINGTON — U.S. Senators John Fetterman, D-Pa., and Tina Smith, D-Minn., on Thursday, introduced the Name Accuracy in Credit Reporting Act, legislation to help consumers who have legally changed their

Senate Democrats on Thursday unveiled legislation that would make it easier for people who have legally changed their names to receive accurate credit information. The Name Accuracy in Credit Reporting Act, introduced Thursday by Sens. John Fetterman (D-Pa.), Tina Smith (D-Minn.) and Ed Markey (D-Mass.), would amend the Fair Credit Reporting Act to require that all…

Welcome to this week's issue of AI: The Washington Report, a joint undertaking of Mintz and its government affairs affiliate, ML Strategies.

As of June 25, 2023, the Oregon House and Senate have signed Senate Bill 619 (the "Act"), which previously passed in the House 54-0.