- Publication of Federal Register notice regarding the Fair Credit Reporting Act
The Commission has voted to publish a notice in the Federal Register announcing an adjustment of the ceiling on allowable charges for certain disclosures under the Fair Credit Reporting Act (FCRA), Section 612(a)(1)(A), from $8.00 to $8.50 as of January 1, 2000. This section of the Act, as amended in 1996, provides that (with some exceptions) a consumer reporting agency may charge a reasonable amount for making a disclosure to the consumer, provided the charge does not exceed a statutory maximum and is indicated to the consumer before the disclosure is made. The Act provides that the charge may not exceed $8.00, adjusted annually for inflation.
The Commission vote to publish the notice in the Federal Register was 5-0. (FTC File No. P974805; staff contact is Keith B. Anderson, 202-326-3428.)
- Consent agreements given final approval:
Following a public comment period, the Commission has made final a consent agreement with the following entities: The Wire Works, Inc. and Electrodes, Inc. The Commission action makes the consent order binding on the respondents.
The Commission vote to finalize the consent agreement was 5-0. (FTC File No. 982-3588; staff contact is Kent Howerton, 202-326-3013; see press release dated September 13, 1999.)
Copies of the documents mentioned in this FYI are available from the FTC's web site at http://www.ftc.gov and also from the FTC's Consumer Response Center, Room 130, 600 Pennsylvania Ave., N.W., Washington, D.C. 20580; 877-FTC Help (877-382-4357); TDD for the hearing impaired 1-866-653-4261. To find out the latest news as it is announced, call the FTC NewsPhone recording at 202-326-2710.