FCRA Bill on Score Inquiries

Blackwell, Rob
July 2003
American Banker;7/14/2003, Vol. 168 Issue 133, p23
Trade Publication
Representative Paul Gillmor said that he is drafting an amendment that would restrict credit-reporting agencies' use of credit scores that were lowered because of the number of inquiries. Gillmor said that he would attempt to add the amendment to a bill introduced by Representative Spencer Bachus and Darlene Hooley, that would make permanent a section of the Fair Credit Reporting Act that blocks states from interfering with federal standards governing how businesses report, share, and use consumer credit histories for marketing and lending. Gillmor is expected to offer the amendment when the subcommittee votes on the bill.


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