Consumer Telemarketing Financial Privacy Protection Act of 1999

Summary

Consumer Telemarketing Financial Privacy Protection Act of 1999 - Amends the Fair Credit Reporting Act to exclude from the definition of "consumer report" the communication of information, solely regarding transactions or experiences between the consumer and the person making the report, to any other person for the purpose of telemarketing to the consumer, if: (1) the consumer is given advance notice and an opportunity to direct that the information not be communicated; and (2) the information to be communicated does not include an account number or other form of access. Removes provisions prohibiting an examination of a bank, savings association, or credit union regarding compliance with the Act. Removes provisions empowering the Board of Governors of the Federal Reserve System to issue interpretations of the Act regarding: (1) certain domestic (and branches and agencies of foreign) banks, certain commercial lending companies, savings associations, and certain other financial institutions; and (2) Federal credit unions. Requires: (1) certain Federal banking agencies to jointly prescribe regulations for such banks and financial institutions; and (2) the Administrator of the National Credit Union Administration to prescribe regulations for Federal credit unions.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 June 1999

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• Introduced in House (PDF)

  Introduced in House · EN · 10 June 1999

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• Introduced in House

  summary · EN · 10 June 1999

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