H.R.3053 - Identity Theft Prevention Act of 2001107th Congress (2001-2002)
|Sponsor:||Rep. Hooley, Darlene [D-OR-5] (Introduced 10/05/2001)|
|Committees:||House - Financial Services|
|Latest Action:||11/02/2001 Referred to the Subcommittee on Financial Institutions and Consumer Credit.|
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Subject — Policy Area:
- Finance and Financial Sector
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Summary: H.R.3053 — 107th Congress (2001-2002)All Bill Information (Except Text)
Identity Theft Prevention Act of 2001 - Amends the Truth in Lending Act to prescribe procedural guidelines under which a credit card issuer shall confirm changes of address.
Introduced in House (10/05/2001)
Amends the Fair Credit Reporting Act to prescribe procedural guidelines under which a consumer reporting agency shall: (1) notify the requester of a discrepancy in the address in the consumer file; (2) include a fraud alert in the file of a requesting consumer; and (3) make free annual disclosures upon consumer request.
Confers enforcement jurisdiction upon the Federal Trade Commission.
Mandates truncation of credit card account numbers, so that an entity that accepts credit cards for the transaction of business is prohibited from printing more than the last 5 digits of the credit card account number or the expiration date upon any receipt provided to the cardholder.