FEATURE
Updated Consumer Rights Summary Under the FCRA

The Federal Trade Commission has issued final summaries of identity theft and general consumer rights and revised furnisher and user notices under the Fair Credit Reporting Act (FCRA) and the Fair and Accurate Credit Transactions Act of 2003 (FACTA). FACTA was an amendment to the Fair Credit Reporting Act, designed to prevent identity theft, improve resolution of consumer disputes, improve the accuracy of consumer records, make improvements in the use of, and consumer access to, credit information, and for other purposes.

The general consumer rights summary, includes, among other things, consumers' right to see their credit files and know when they have been used against them, to correct inaccuracies, and to opt-out of unsolicited offers. The summary also notes that, in addition to identity theft victims, active duty military personnel have additional rights under the FCRA and FACTA.

This general summary of rights updates the current summary, which credit reporting companies provide to consumers with their credit reports.

You can find a complete copy of the FTC's final rule and all the revised notices at http://www.ftc.gov/opa/2004/11/facta.htm. A copy of the revised Summary is available at http://www.ftc.gov/os/2004/11/041119factaappf.pdf.

If you have further questions about the revised Summary of Rights or FCRA, contact an InfoMart Customer Service Representative at 770-984-2727 option 2 or customerservice@infomart-usa.com.

(source:http://www.seyfarth.com)