Media Advisory
Privacy of Sensitive Financial Information Enhanced for Consumers under Amended Credit Reporting Statute; Accuracy of Information Will Improve
Employers, Creditors, and Credit Bureaus Have Major New Responsibilities
Many consumers are concerned about the privacy, accuracy and fairness of their credit records. A newly-amended federal law that goes into effect on Sept. 30 will give consumers major new rights that will be highlighted at a press conference hosted by the Federal Trade Commission on Sept. 29, 1997, at 10 A.M. -- the day before the amendments go into effect.
The new law also will impose significant new requirements on employers and credit reporting agencies who compile these credit records.
| WHAT: | FTC Press Conference on New Rights for Consumers and New Responsibilities for Employers and Credit Bureaus under a New Federal Law Effective Sept. 30 |
| WHO: | Robert Pitofsky, Chairman of the FTC U.S. Senator Richard Bryan (D-NV) * Representatives from the National Association of Attorneys General Federal Reserve Board Associated Credit Bureaus VISA/MasterCard Consumers Union |
| WHEN: | Sept. 29, 1997 at 10:00 A.M. |
| WHERE: | Federal Trade Commission 600 Pennsylvania Ave., N.W. - Room 432 (The room will be open at 9:00 A.M. for cameras.) |
*The bill to amend the FCRA was authored by Senators Richard Bryan (D-NV) and Christopher Bond (R-MO).
Media Contact:
Contact Information
- Victoria Streitfeld or Howard Shapiro
Office of Public Affairs
202-326-2718 or 202-326-2176