admin 896 Posted May 7, 2002 Report Share Posted May 7, 2002 I found this interesting, reading the FCRA over today...SECTION 6121681j. Charges for certain disclosures(a)[TAB]Reasonable charges allowed for certain disclosures.(1) In general. Except as provided in subsections (, ©, and (d), a consumer reporting agency may impose a reasonable charge on a consumer(A) for making a disclosure to the consumer pursuant to section 609, which charge(i) shall not exceed $8; and(ii) shall be indicated to the consumer before making the disclosure; and So does that mean that the credit bureaus are in violation for charging more than $8????? Don't all of them charge about $9? Link to post Share on other sites
calawyer 1,848 Posted May 8, 2002 Report Share Posted May 8, 2002 This was a tough one Kristy. I thought you were really onto something here. I found out though that under the 1996 amendments to the FCRA, the Federal Trade Commission is required to increase the $ 8.00 amount referred to in paragraph (1)(A)(i) of Section 612(a) on January 1 of each year, based on changes in the Consumer Price Index ("CPI"),rounded to the nearest fifty cents. They have done so at least twice. See 66 Federal Register 63,545. Link to post Share on other sites
