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15 U.S.C. § 6806 — Relation to other provisions
Federal law — U.S. Code and appendices · legal_authorities
Except for the amendments made by subsections (a) and (b), nothing in this chapter shall be construed to modify, limit, or supersede the operation of the Fair Credit Reporting Act [[15 U.S.C. 1681](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1681&num=0&edition=prelim) et seq.], and no inference shall be drawn on the basis of the provisions of this chapter regarding whether information is transaction or experience information under section 603 of such Act [[15 U.S.C. 1681a](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1681a&num=0&edition=prelim)].
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Source location: Title 15, Chapter 94, § 6806; chapter-094-privacy.md
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Except for the amendments made by subsections (a) and (b), nothing in this chapter shall be construed to modify, limit, or supersede the operation of the Fair Credit Reporting Act [[15 U.S.C. 1681](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1681&num=0&edition=prelim) et seq.], and no inference shall be drawn on the basis of the provisions of this chapter regarding whether information is transaction or experience information under section 603 of such Act [[15 U.S.C. 1681a](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1681a&num=0&edition=prelim)].
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Enforcement by Federal Trade Commission**
(1) **In general** — The Federal Trade Commission shall be authorized to enforce compliance with the requirements imposed by this subchapter under the Federal Trade Commission Act ([15 U.S.C. 41](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section41&num=0&edition=prelim) et seq.), with respect to consumer reporting agencies and all other persons subject thereto, except to the extent that enforcement of the requirements imposed under this subchapter is specifically committed to some other Government agency under any of subparagraphs (A) through (G) of subsection (b)(1), and subject to subtitle B of the Consumer Financial Protection Act of 2010 [[12 U.S.C. 5511](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5511&num=0&edition=prelim) et seq.], subsection (b).11 So in original. For the purpose of the exercise by the Federal Trade Commission of its functions and powers under the Federal Trade Commission Act, a violation of any requirement or prohibition imposed under this subchapter shall constitute an unfair or deceptive act or practice in commerce, in violation of section 5(a) of the Federal Trade Commission Act ([15 U.S.C. 45(a)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section45/a&num=0&edition=prelim)), and shall be subject to enforcement by the Federal Trade Commission under section 5(b) of that Act [[15 U.S.C. 45(b)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section45/b&num=0&edition=prelim)] with respect to any consumer reporting agency or person that is subject to enforcement by the Federal Trade Commission pursuant to this subsection, irrespective of whether that person is engaged in commerce or meets any ot
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Accuracy and fairness of credit reporting** The Congress makes the following findings:
(1) The banking system is dependent upon fair and accurate credit reporting. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine the public confidence which is essential to the continued functioning of the banking system.
(2) An elaborate mechanism has been developed for investigating and evaluating the credit worthiness, credit standing, credit capacity, character, and general reputation of consumers.
(3) Consumer reporting agencies have assumed a vital role in assembling and evaluating consumer credit and other information on consumers.
(4) There is a need to insure that consumer reporting agencies exercise their grave responsibilities with fairness, impartiality, and a respect for the consumer’s right to privacy.
**(b) Reasonable procedures** It is the purpose of this subchapter to require that consumer reporting agencies adopt reasonable procedures for meeting the needs of commerce for consumer credit, personnel, insurance, and other information in a manner which is fair and equitable to the consumer, with regard to the confidentiality, accuracy, relevancy, and proper utilization of such information in accordance with the requirements of this subchapter.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Informed use of credit** The Congress finds that economic stabilization would be enhanced and the competition among the various financial institutions and other firms engaged in the extension of consumer credit would be strengthened by the informed use of credit. The informed use of credit results from an awareness of the cost thereof by consumers. It is the purpose of this subchapter to assure a meaningful disclosure of credit terms so that the consumer will be able to compare more readily the various credit terms available to him and avoid the uninformed use of credit, and to protect the consumer against inaccurate and unfair credit billing and credit card practices.
**(b) Terms of personal property leases** The Congress also finds that there has been a recent trend toward leasing automobiles and other durable goods for consumer use as an alternative to installment credit sales and that these leases have been offered without adequate cost disclosures. It is the purpose of this subchapter to assure a meaningful disclosure of the terms of leases of personal property for personal, family, or household purposes so as to enable the lessee to compare more readily the various lease terms available to him, limit balloon payments in consumer leasing, enable comparison of lease terms with credit terms where appropriate, and to assure meaningful and accurate disclosures of lease terms in advertisements.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Definitions and rules of construction set forth in this section are applicable for the purposes of this subchapter.
**(b)** The term “person” means any individual, partnership, corporation, trust, estate, cooperative, association, government or governmental subdivision or agency, or other entity.
**(c)** The term “consumer” means an individual.
**(d) Consumer Report.—**
(1) **In general.—** — The term “consumer report” means any written, oral, or other communication of any information by a consumer reporting agency bearing on a consumer’s credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living which is used or expected to be used or collected in whole or in part for the purpose of serving as a factor in establishing the consumer’s eligibility for—
(A) credit or insurance to be used primarily for personal, family, or household purposes;
(B) employment purposes; or
(C) any other purpose authorized under [section 1681b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1681b&num=0&edition=prelim).
(2) **Exclusions.—** — Except as provided in paragraph (3), the term “consumer report” does not include—
(A) subject to [section 1681s–3 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1681s-3&num=0&edition=prelim), any—
(i) report containing information solely as to transactions or experiences between the consumer and the person making the report;
(ii) communication of that information among persons related by common ownership or affiliated by corporate control; or
(iii) communication of other information among persons related by common ownership or affiliated by corporate control, if it
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Privacy obligation policy** It is the policy of the Congress that each financial institution has an affirmative and continuing obligation to respect the privacy of its customers and to protect the security and confidentiality of those customers’ nonpublic personal information.
**(b) Financial institutions safeguards** In furtherance of the policy in subsection (a), each agency or authority described in [section 6805(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section6805/a&num=0&edition=prelim), other than the Bureau of Consumer Financial Protection, shall establish appropriate standards for the financial institutions subject to their jurisdiction relating to administrative, technical, and physical safeguards—
(1) to insure the security and confidentiality of customer records and information;
(2) to protect against any anticipated threats or hazards to the security or integrity of such records; and
(3) to protect against unauthorized access to or use of such records or information which could result in substantial harm or inconvenience to any customer.
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Federal law — U.S. Code and appendices · legal_authorities
Page 1556
TITLE 15—COMMERCE AND TRADE
§ 1679i
(iii) to file petitions for appeal.
(3) Investigatory powers
For purposes of bringing any action under
this subsection, nothing in this subsection
shall prevent the chief law enforcement offi-
cer, or an official or agency designated by a
State, from exercising the powers conferred on
the chief law enforcement officer or such offi-
cial by the laws of such State to conduct in-
vestigations or to administer oaths or affirma-
tions or to compel the attendance of witnesses
or the production of documentary and other
evidence.
(4) Limitation
Whenever the Federal Trade Commission has
instituted a civil action for violation of this
subchapter, no State may, during the pend-
ency of such action, bring an action under this
section against any defendant named in the
complaint of the Commission for any violation
of this subchapter that is alleged in that com-
plaint.
(Pub. L. 90–321, title IV, § 410, as added Pub. L.
104–208, div. A, title II, § 2451, Sept. 30, 1996, 110
Stat. 3009–460.)
Editorial Notes
REFERENCES IN TEXT
The Federal Trade Commission Act, referred to in
subsecs. (a) and (b), is act Sept. 26, 1914, ch. 311, 38 Stat.
717, which is classified generally to subchapter I (§ 41 et
seq.) of chapter 2 of this title. For complete classifica-
tion of this Act to the Code, see section 58 of this title
and Tables.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Section applicable after the end of the 6-month pe-
riod beginning on Sept. 30, 1996, except with respect to
contracts entered into by a credit repair organization
before the end of such period, see section 413 of Pub. L.
90–321, as added by Pub. L. 104–208, set out as a note
under section 1679 of this title.
§ 1679i. Statute of limita
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 1681
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Federal law — U.S. Code and appendices · legal_authorities
Page 1558
TITLE 15—COMMERCE AND TRADE
§ 1681a
1 See References in Text note below.
agencies, but would provide useful information in
determining the credit worthiness of consumers;
and
‘‘(E) any actions that might be taken within a
voluntary reporting system to encourage the re-
porting of the types of transactions described in
subparagraph (D).
‘‘(3) COSTS
AND
BENEFITS.—With respect to each
area of study described in paragraph (2), the Commis-
sion shall consider the extent to which such require-
ments would benefit consumers, balanced against the
cost of implementing such provisions.
‘‘(b) REPORT REQUIRED.—Not later than 1 year after
the date of enactment of this Act [Dec. 4, 2003], the
chairman of the Commission shall submit a report to
the Committee on Banking, Housing, and Urban Affairs
of the Senate and the Committee on Financial Services
of the House of Representatives containing a detailed
summary of the findings and conclusions of the study
under this section, together with such recommenda-
tions for legislative or administrative actions as may
be appropriate.’’
FTC STUDY OF THE ACCURACY OF CONSUMER REPORTS
Pub. L. 108–159, title III, § 319, Dec. 4, 2003, 117 Stat.
1999, provided that:
‘‘(a) STUDY REQUIRED.—Until the final report is sub-
mitted under subsection (b)(2), the Commission shall
conduct an ongoing study of the accuracy and com-
pleteness of information contained in consumer reports
prepared or maintained by consumer reporting agencies
and methods for improving the accuracy and complete-
ness of such information.
‘‘(b) BIENNIAL REPORTS REQUIRED.—
‘‘(1) INTERIM REPORTS.—The Commission shall sub-
mit an interim report to the Congress on the study
conducted under subsection (a) at the end of the 1-
year period beginning on the d
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 1681a
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Federal law — U.S. Code and appendices · legal_authorities
Page 2295
TITLE 15—COMMERCE AND TRADE
§ 6808
111–203, set out as a note under section 552a of Title 5,
Government Organization and Employees.
§ 6806. Relation to other provisions
Except for the amendments made by sub-
sections (a) and (b), nothing in this chapter shall
be construed to modify, limit, or supersede the
operation of the Fair Credit Reporting Act [15
U.S.C. 1681 et seq.], and no inference shall be
drawn on the basis of the provisions of this
chapter regarding whether information is trans-
action or experience information under section
603 of such Act [15 U.S.C. 1681a].
(Pub. L. 106–102, title V, § 506(c), Nov. 12, 1999, 113
Stat. 1442.)
Editorial Notes
REFERENCES IN TEXT
Amendments made by subsections (a) and (b), re-
ferred to in text, means amendments made by section
506(a) and (b) of Pub. L. 106–102, which amended section
1681s of this title.
This chapter, referred to in text, was in the original
‘‘this title’’, meaning title V of Pub. L. 106–102, Nov. 12,
1999, 113 Stat. 1436, which enacted this chapter and
amended section 1681s of this title. For complete classi-
fication of title V to the Code, see Tables.
The Fair Credit Reporting Act, referred to in text, is
title VI of Pub. L. 90–321, as added by Pub. L. 91–508,
title VI, § 601, Oct. 26, 1970, 84 Stat. 1127, which is classi-
fied generally to subchapter III (§ 1681 et seq.) of chap-
ter 41 of this title. For complete classification of this
Act to the Code, see Short Title note set out under sec-
tion 1601 of this title and Tables.
§ 6807. Relation to State laws
(a) In general
This subchapter and the amendments made by
this subchapter shall not be construed as super-
seding, altering, or affecting any statute, regu-
lation, order, or interpretation in effect in any
State,
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 6806
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