Fair Credit Reporting Act Amendments of 2001

Summary

Fair Credit Reporting Act Amendments of 2001 - Amends the Fair Credit Reporting Act (FCRA) to mandate that, upon consumer request, a consumer reporting agency: (1) furnish an annual credit report free of charge; and (2) disclose credit risk scores or other predictors contained in the consumer's file, including the factors and relative weights taken into account, and the extent to which such factors raise or lower the score or predictor. (Currently such scores are exempted from disclosure.) Prohibits the inclusion of certain small debts in a consumer report under specified circumstances. Directs the Board of Governors of the Federal Reserve System and the Federal Trade Commission to: (1) monitor and review the extent to which consumer reporting agencies and purveyors of information to such agencies comply with FCRA requirements for the prompt investigation of matters in dispute and the prompt correction of inaccurate or incomplete information, or information that cannot be verified; and (2) present a progress report to Congress.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 22 March 2001

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 22 March 2001

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 March 2001

   Introduced

   Introduced in House

   Source: IntroReferral

4. 10 April 2001

   Referred

   Referred to the Subcommittee on Financial Institutions and Consumer Credit.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 22 March 2001 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 March 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 22 March 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 22 March 2001

  Open at official source

Sponsors

• Rep. Ford, Harold E., Jr. [D-TN-9] · D · Sponsor
• Sen. Schiff, Adam B. [D-CA] · D · Cosponsor
• Rep. Matheson, Jim [D-UT-4] · D · Cosponsor
• DAVID PRICE · D · Cosponsor
• Rep. Andrews, Robert E. [D-NJ-1] · D · Cosponsor
• NITA LOWEY · D · Cosponsor
• Rep. Lampson, Nick [D-TX-22] · D · Cosponsor
• Barbara Lee · D · Cosponsor
• Rep. Hooley, Darlene [D-OR-5] · D · Cosponsor
• Rep. Schakowsky, Janice D. [D-IL-9] · D · Cosponsor
• LUIS GUTIERREZ · D · Cosponsor
• · hsba00 · Standing

Related records

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