Agency Proposals, HR 2622 Boost FCRA Renewal Chances in House
July 14, 2003
Bush administration proposals and bipartisan legislation introduced in the House last week have boosted the chances of permanent national standards for credit reporting practices, But the bill could hit a brick wall in the Senate, according to industry observers. The Fair and Accurate Credit Transaction Act of 2003 would make federal preemption of state laws permanent under the Fair Credit Reporting Act. It is believed that proposals submitted by the Treasury Department on June