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Jan 1, 2001 · 15 U.S. Code § 1681b - Permissible purposes of consumer reports. In response to the order of a court having jurisdiction to issue such an order, a subpoena issued in connection with proceedings before a Federal grand jury, or a subpoena issued in accordance with section 5318 of title 31 or section 3486 of title 18.
- 1681C
The 7-year period referred to in paragraphs (4) and (6) of...
- Chapter 41
subchapter i—consumer credit cost disclosure (§§ 1601 –...
- 15 U.S. Code 1681E
each permissible purpose under section 1681b of this title...
- Account
account (4) Account and electronic fund transfer .— The...
- Credit
credit (5) Credit and creditor .— The terms “credit” and...
- Employment Purposes
employment purposes (h) The term “employment purposes” when...
- 1681C
Jul 7, 2022 · This advisory opinion explains that the permissible purposes listed in FCRA section 604 (a) (3) are consumer specific, and it affirms that a consumer reporting agency may not provide a consumer report to a user under FCRA section 604 (a) (3) unless it has reason to believe that all of the consumer report information it includes pertains to the ...
- A. Background
- B. Coverage
- C. Legal Analysis
Consumer reporting agencies collect and assemble or evaluate information about, among other things, the credit, criminal, employment, and rental histories of hundreds of millions of Americans. They package this information into consumer reports, which are used by creditors, insurers, landlords, employers, and others to make eligibility and other de...
Section C.1 of this advisory opinion applies to all “consumer reporting agencies,” as that term is defined in FCRA section 603(f). Section C.2 of this advisory opinion applies to all persons that obtain or use, or seek to obtain or use, “consumer reports,” as that term is defined in FCRA section 603(d).
1. FCRA Section 604
Section 604(a) of the FCRA identifies a limited set of “permissible purposes” for which a consumer reporting company may provide a consumer report to a user. The Bureau is aware that some consumer reporting agencies use insufficient identifiers in matching procedures, such as name-only matching, which can result in the provision of consumer reports to persons without a permissible purpose to receive them. The permissible purposes for which consumer reports are most commonly sought are tho...
2. FCRA Section 604
FCRA section 604(f) prohibits a person from using or obtaining a consumer report “unless . . . the consumer report is obtained for a purpose for which the consumer report is authorized to be furnished under [FCRA section 604]” and “the purpose is certified in accordance with FCRA section 607 by a prospective user of the report through a general or specific certification.” Congress amended the FCRA to include section 604(f) in September 1996. Before the 1996 amendments, FCRA section 6...
Jul 12, 2022 · Another permissible purpose is where the user “has a legitimate business need for the information…in connection with a business transaction that is initiated by the consumer or to review an account to determine whether the consumer continues to meet the terms of the account.”.
the permissible purposes listed in FCRA section 604(a)(3) are consumer specific, and it affirms. that a consumer reporting agency may not provide a consumer report to a user under FCRA. section 604(a)(3) unless it has reason to believe that all of the consumer report information it.
This title may be cited as the “Fair Credit Reporting Act.” § 602. Congressional findings and statement of purpose [15 U.S.C. § 1681] (a) Accuracy and fairness of credit reporting. The Congress makes the following findings: (1) The banking system is dependent upon fair and accurate credit reporting.
May 6, 2021 · Permissible Purpose. Your FCRA Policy should describe the specific reasons your entity will obtain and use consumer report information. Under the FCRA, a person may not use or obtain a consumer report for any purpose, except one expressly authorized by the FCRA that the user has certified to the CRA (a “permissible purpose”).
