SearchPoint - ACA International
Financial Institutions' Duty under the FCRA to Provide Consumers with Notice of Furnishing Negative Information #1519
Section 623(a)(7) of the FCRA as amended by the FACT Act, requires data furnishers to notify a consumer in writing when furnishing negative information about a consumer to a consumer reporting agency. This article discusses the key elements of complying with section 623(a)(7). Financial...