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News Now

Washington
Fair Credit Reporting among NCUA agenda items
ALEXANDRIA, Va. (5/19/09)—The National Credit Union Administration’s (NCUA) agenda for the upcoming May 21 board meeting includes two Fair Credit Reporting Act (FCRA) actions that were removed from last month’s agenda. During the early session, NCUA will discuss a final rule governing the accuracy of information that is furnished to consumer reporting agencies. The rule should also address consumers' direct disputes with furnishers of credit report information. NCUA may also issue an Advance Notice of Proposed Rulemaking addressing Part 717, Subpart E, Sections 717.40-717.43, Appendix E of NCUA regs. This proposed rule would seek to clarify the definition of "integrity" under FCRA and would set out the standards that would make a credit report have integrity. The NCUA will also consider its monthly Insurance Fund Report at this week's meeting. As is routine, a closed session of the NCUA board will follow the early open session.


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