Sec. 308. GAO REPORT ON CONSUMER REPORTING AGENCIES
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## SEC. 308 GAO REPORT ON CONSUMER REPORTING AGENCIES ###
(a)Definitions In this section, the terms “consumer”, “consumer report”, and “consumer reporting agency” have the meanings given those terms in section 603 of the Fair Credit Reporting Act (15 U.S.C. 1681a). ###
(b)Report Not later than 1 year after the date of enactment of this Act, the Comptroller General of the United States shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a comprehensive report that includes— ####
(1)a review of the current legal and regulatory structure for consumer reporting agencies and an analysis of any gaps in that structure, including, in particular, the rulemaking, supervisory, and enforcement authority of State and Federal agencies under the Fair Credit Reporting Act (15 U.S.C. 1681 et seq.), the Gramm-Leach-Bliley Act (Public Law 106-102; 113 Stat. 1338), and any other relevant statutes; ####
(2)a review of the process by which consumers can appeal and expunge errors on their consumer reports; ####
(3)a review of the causes of consumer reporting errors; ####
(4)a review of the responsibilities of data furnishers to ensure that accurate information is initially reported to consumer reporting agencies and to ensure that such information continues to be accurate; ####
(5)a review of data security relating to consumer reporting agencies and their efforts to safeguard consumer data; ####
(6)a review of who has access to, and may use, consumer reports; ####
(7)a review of who has control or ownership of a consumer’s credit data; ####
(8)an analysis of— #####
(A)which Federal and State regulatory agencies supervise and enforce laws relating to how consumer reporting agencies protect consumer data; and #####
(B)all laws relating to data security applicable to consumer reporting agencies; and ####
(9)recommendations to Congress on how to improve the consumer reporting system, including legislative, regulatory, and industry-specific recommendations.
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- Pub. L. 106-102
- 113 Stat. 1338
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Sec. 308
GAO REPORT ON CONSUMER REPORTING AGENCIES
Pub. L.Pub. L. 106-102
Stat.113 Stat. 1338
Cites 4Cited by 0 across 0 sources