FTC Proposes New Model FCRA Notices
The FTC has announced proposed revisions to its model notices for consumers, users, and furnishers of information under the Fair Credit Reporting Act (FCRA). The changes are designed to reflect new rules promulgated under the Fair and Accurate Credit Transactions Act of 2003 (FACTA) and to make the notices more useful to recipients. Revisions have been proposed for: 1) the Summary of Rights for consumers; 2) the Notice of Furnisher Responsibilities; and 3) the Notice to Users. The FTC is accepting public comment on the proposed changes until September 21, 2010. The FTC’s news release, proposed notices, and Federal Register notice are available at: http://www.ftc.gov/opa/2010/08/fcra.shtm.