The House of Representatives late Wednesday approved the Fair and Accurate Transactions Act (H.R. 2622) which permanently reauthorizes the seven preemptions of the Fair Credit Reporting Act (FCRA). This legislation, passed by a vote of 392-30, will reportedly help consumers …
Late Wednesday, the U.S. House of Representatives passed H.R. 2622, the “Fair and Accurate Credit Transactions Act,” by a vote of 392-30. The legislation reportedly amends the Fair Credit Reporting Act (FCRA), to prevent identity theft, improve resolution of consumer …
The proliferation of the “MS Blaster” worm recently clearly demonstrates just how vulnerable both private and public sector entities remain to an ever-growing variety of cyber threats, according to the American Insurance Association (AIA). In response, the insurer group urged …
“Underwriting – The First Line of Defense” is the theme for this year’s Underwriting Conference, sponsored by the Alliance of American Insurers and the American Association of Insurance Services (AAIS). The conference will be held Sept. 14-16 at the Loews …
California Governor Gray Davis made the following statement on privacy legislation in light of the upcoming deadline for passage of SB1 the financial privacy measure sponsored by Senator Jackie Speier: “I have been working with Senator Speier, consumer advocates, and …
The proliferation of the “MS Blaster” worm this week clearly demonstrates just how vulnerable both private and public sector entities remain to an ever-growing variety of cyber threats, according to the American Insurance Association (AIA). In response, the insurer group …
As companies become more dependent on their computer networks for vital data, business continuity and communications, their vulnerability to cyber catastrophes reportedly increases. “Unfortunately, most companies are operating in a 21st century threat environment with 20th century insurance coverage,” stated …
A survey commissioned by the Consumer Federation of America (CFA), a liberal advocacy group, has found that consumers lack essential knowledge about, and strongly support new protections for, credit reporting and credit scores. An important finding of the survey is …
The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing July 31 to address measures to enhance the Fair Credit Reporting Act (FCRA). The Hon. John W. Snow, Secretary of the Treasury, testified that permanent reauthorization of …
Recently, a bill to permanently reauthorize the expiring provisions of the Fair Credit Reporting Act (FCRA) and to help consumers combat identity theft was introduced by several members of the House Financial Services Subcommittee on Financial Institutions. Sponsors of the …
