TU's "You are using a CRO response"

Discussion in 'Credit Talk' started by 420greg, Jan 8, 2004.

  1. Butch

    Butch Well-Known Member

    Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: TU's "You are using a CRO response"




    • The "pre-emption" provision of the old FCRA expired 12/31/03. "Sunset"

      To avoid a gap in the pre-emption component between the old FCRA and the new one (which makes it permenant) it was made effective 1/1/04.

      The provisions which require NO burdensome adjustments on the part of credit industry will be effective March, 1 2004.

      Those provisions which require large procedural adjustments for the companies in the industry will have until 12/31/2004, to comply.

      Naturally they're already bitchin about it.

      I think they want an extra 5 years or some crap.


      lol

      .
     

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