Konkurencja i konsument · 8.11.2004

Fair and Reasonable Fee for Credit Score Disclosure

Section 212(b) of the Fair and Accurate Credit Transactions Act of 2003 ("FACT Act") amends the Fair Credit Reporting Act ("FCRA") by adding a new section 609(f), which mandates that consumer reporting agencies make available upon request a consumer's credit score, together with other information. Section 609(f)(8) provides that a consumer reporting agency may charge a "fair and reasonable fee, as determined by the [Federal Trade] Commission" for such disclosure. In this document, the Federal Trade Commission ("FTC" or "Commission") is publishing for comment an advance notice of proposed rulemaking that would implement the requirement in section 609(f)(8) of the FCRA that it determine a fair and reasonable fee to be charged by a consumer reporting agency for providing the information required under FCRA section 609(f).