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

Virender Sehwag celebrates Don Bradman’s birthday with a unique tweet

first_imgVirender Sehwag is a hit on Twitter and a champion when it comes to wishing people on their birthdays. Today is Don Bradman’s 108th birth anniversary, one of cricket’s best batsman and Sehwag paid his tribute with a unique tweet.His tweets are more or less similar to his batting style and on Bradman’s birthday he chose to be a bit creative. Sehwag broke the legendary batsman’s name in three parts with Bollywood star Shahrukh Khan also featuring, and ending the tweet with #BradmanJayanti.Pic 1- DonPic 2- BreadPic 3- ManHpy Birthday Don Bradman, the greatest that could ever have been#BradmanJayanti pic.twitter.com/guETL76xiW&; Virender Sehwag (@virendersehwag) August 27, 2016He’s real Don lik @SrBachchan.Inke avg tk pahnchne ka intezar to sabhi mulkon k btsmn ne kiya,bt mushkil hi nhi namumkin hai #BradmanJayanti&; Virender Sehwag (@virendersehwag) August 27, 2016Bradman was born on August 27, 1908 in New South Wales. He played for Australia in 52 Tests, with a record average of 99.94. Bradman played for Australia from 1928 to 1948 and scored 29 centuries and 13 half-centuries.His first-class career was also stellar – where he played 234 matches at an average of 95.14 and scoring 117 hundreds. Bradman passed away on February 25, 2001.last_img read more