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The OCC on the 96 FCRA reform
BayHouse Credit Forum: Credit Q & A: Disputes - Collections - Chargeoffs - Bankruptcy - CCCS: The OCC on the 96 FCRA reform
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Christine Baker (Admin)

Monday, January 22, 2001 - 06:59 pm Click here to edit this post
http://www.occ.treas.gov/ftp/advisory/99-3.txt

"AL 99-3
Subject: Fair Credit Reporting Act
Date: March 29, 1999
Purpose:

TO: Chief Executive Officers and Compliance Officers of all National Banks, Department and Division Heads, and all Examining Personnel

SUMMARY AND PURPOSE

Recent amendments to the Fair Credit Reporting Act ("FCRA") have enhanced the ability of various businesses, including banks, to exchange customer information among affiliated companies. At the
same time, technological advances permit businesses to collect, store, analyze, and disseminate increasing amounts of customer data.
Survey data indicate that consumers are sensitive to how businesses, including banks, maintain, use, and analyze information about them.
These customer concerns about the accumulation and use of their personal information are likely to increase with the growing use of the Internet and electronic commerce."

...

I just thought I'd post that because I didn't know that.

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