Fair Credit Reporting Act Disclosures

Title: Fair Credit Reporting Act Disclosures
Subject: FCRA
Agency: CFPB
Status: Final rule
Summary: The bureau is amending Regulation V, which implements the Fair Credit Reporting Act (FCRA), to add a section establishing a maximum allowable charge for disclosures by a consumer reporting agency to a consumer pursuant to FCRA section 609. The Bureau is also amending Regulation V to add an appendix setting forth the statutory requirements for determining the maximum allowable charge; announcing the maximum charge for 2019; and preserving a list of historical maximum allowable charges. Historically, the Bureau has published these FCRA annual adjustments as a notice. The Bureau is now codifying those notices and adding a provision to Regulation V to track the FCRA’s provisions concerning the annual maximum allowable charge.
FR Doc: 2018-28372
Date proposed:
Comments due date:
Final rule effective date: January 31, 2019
Rule compliance date: January 1, 2019
Agency release:
Related Reg Report item(s): Kraninger sets $12.50 maximum charge for consumer credit reports in 2019