Bureau issues updated FCRA forms to implement S.2155 changes

first_imgSection 301 of S.2155 amends section 605 of the Fair Credit Reporting Act (FCRA) (codified at 15 USC §1681c). Section 605 establishes requirements regarding the information in consumer reports and disclosures regarding them. S.2155 adds subsection 605(i) and (j) establishing requirements regarding security freezes. These changes will primarily affect consumer reporting agencies (CRAs) rather than credit unions.One change adds a required notice for whenever a summaries of rights is required by FCRA’s section 609. While section 609 contains a lot of disclosure requirements, only subsections 609(c) and (d) specifically reference a “summary of rights.” Last week, the BCFP issued an interim final rule updating the Summary of Consumer Rights in Appendix K to Part 1022and the Summary of Consumer Identity Theft Rights in Appendix I. These are required under section 609(c) and (d), respectively (codified at 15 USC §1681g (c) and (d)).The Summary of Consumer Rights must be provided by a CRA whenever it makes a written disclosure of information to the consumer. Also, it may need to be provided by employers taking adverse employment actions in connection with a credit report. The Summary of Consumer Identity Theft Rights must be provided by the CRA when a consumer reports that they are a victim of identity theft. In the interim final rule, the Bureau specified that it is soliciting commentary to determine how to proceed regarding other model forms. 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Assam boxer Bhagyabati Kachari win gold medal at the Ahmet Comert International Boxing Tournament

first_imgGUWAHATI, Sep 16: Udalguri girl Bhagyabati Kachari claimed gold medal at the Ahmet Comert Tournament in Istanbul, Turkey. Playing in the light heavyweight category (81kg) Bhagyabati got the better of Selma Karakoyun. She was declared the most scientific boxer of the tournament, and the Indian women’s team finished third.Bhagyabati Kachari was also presented the ‘Best Technical Boxer Award’ of the tournamentAssam Chief Minister Sarbananda Sonowal has congratulated Bhagyabati Kachari for her victory.https://twitter.com/sarbanandsonwal/status/1041241508681142274The 26-year-old boxer who hails from Udmari village near Tangla in Udalguri is the daughter of Deben Kachari and Chaitra Kachari. She had previously participated and won a number of medals in national boxing championships along with clinching bronze in Asian Women’s Boxing Championships held in Ulaanbaatar, Mongolia way back in 2012.Simranjit Kaur (64kg), Monika (48kg) also won gold medals for India.last_img read more