House and Senate Enact Amendment of FCRA, Limit Scope of Red Flags Rule
Boris Segalis writes:
The Blog of Legal Times is reporting that late on December 7, 2010 the House of Representatives passed a bill on a voice vote that amends the definition of “creditor” in the Fair and Accurate Credit Reporting Act (FCRA) and, as a result, dramatically limits the scope of the Red Flags Rule. The House bill is identical to the legislation enacted by the Senate last week. We previously covered in detail on our blog both the House bill and the Senate bill.
Read more on InformationLawGroup.
Indeed, the House did pass the bill (S. 3987) on a voice vote, as the Congressional Record reflects.