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Home » Store » Taxable » Senate Committee Approves Credit Reporting Bill, Lenders Seek Changes on ‘Adverse Notice’ Provision

Senate Committee Approves Credit Reporting Bill, Lenders Seek Changes on ‘Adverse Notice’ Provision

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Legislation expanding and permanently reauthorizing the Fair Credit Reporting Act was approved unanimously by the Senate Banking, Housing and Urban Affairs Committee this week. Approved by voice vote, the “National Consumer Credit Reporting System Improvement Act of 2003” passed with little debate, along with several amendments on adverse action, information sharing among affiliates, accuracy of credit information, and improved consumer access to
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