FDIC Federal Register Citations

[Page 23851]

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Proposed Rule Stage

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4164. <bullet> FAIR CREDIT REPORTING ACT REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1681-1681u; PL 104-208; 110 Stat 3009; PL 106-
102; 15 USC 6806

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Section 506 of the Gramm-Leach-Bliley Act restored the
authority of the federal banking agencies to examine banks and thrifts
for compliance with the Fair Credit Reporting Act without the
requirement that an agency first have a complaint or other knowledge of
a violation. Section 506 also requires the federal banking agencies to
jointly prescribe regulations necessary to carry out the purposes of
the FCRA, with respect to financial institutions within their
jurisdiction. This rulemaking implements that requirement.

Timetable:
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Action Date FR Cite

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NPRM 05/00/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deanna Caldwell, Community Affairs Officer, Division of
Compliance and Consumer Affairs, Federal Deposit Insurance Corporation
Phone: 202 736-0141

RIN: 3064-AC35
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