SB 1384

Bill Subjects

Abstract

Existing state and federal law define and regulate consumer credit reports. Existing federal law regulates consumer file information that is compiled and maintained by a nationwide specialty consumer reporting agency, which is defined as a consumer reporting agency that compiles and maintains files on consumers on a nationwide basis relating to medical records or payments, residential or tenant history, check writing history, employment history, or insurance claims. Existing state law permits a consumer to place and to remove a security on his or her credit report by following a specified procedure. This bill would define a nationwide specialty consumer reporting agency and consumer file for purposes of California law and would authorize a consumer to place a freeze on his or her consumer file that is compiled and maintained by a nationwide specialty consumer reporting agency. The bill would also make conforming changes.