H.R.2035 - Identity Theft and Financial Privacy Protection Act of 2003108th Congress (2003-2004)
|Sponsor:||Rep. Hooley, Darlene [D-OR-5] (Introduced 05/08/2003)|
|Committees:||House - Financial Services|
|Latest Action:||05/23/2003 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.2035 — 108th Congress (2003-2004)All Bill Information (Except Text)
Introduced in House (05/08/2003)
Identity Theft and Financial Privacy Protection Act of 2003 - Amends the Truth in Lending Act to prescribe duties imposed upon: (1) a card issuer with respect to confirmation of a consumer's changes of address; and (2) a consumer reporting agency with respect to notice of potential fraud.
Amends the Fair Credit Reporting Act to prescribe duties imposed upon a consumer reporting agency with respect to notice of potential fraud.
Exempts from such requirements: (1) certain consumer reporting agencies acting as resellers of information; (2) certain check services companies; and (3) certain demand deposit account information service companies.
Mandates truncation of credit card and debit card account numbers.
Requires a consumer reporting agency to furnish, upon consumer request, a free annual disclosure of the information in the consumer's file.