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The Laws

The Fair Credit Reporting Act

Use your browser's find function to locate "scor" (which would return "score," "scores," "scored," and "scoring") in the law, and you'll find it in only one sentence:

"... (a) Information on file; sources; report recipients. Every consumer reporting agency shall, upon request, and subject to 610(a)(1) [§ 1681h], clearly and accurately disclose to the consumer:

(1) All information in the consumer's file at the time of the request, except that nothing in this paragraph shall be construed to require a consumer reporting agency to disclose to a consumer any information concerning credit scores or any other risk scores or predictors relating to the consumer..."

The Fair Credit Reporting Act - Information from the FTC

(The Code of Federal Regulations) 16 CFR Part 601 - Notices of Rights and Duties under the Fair Credit Reporting Act

"... The comment period closed on March 31, 1997. The Commission received 28 comments from credit bureaus and other CRAs, creditors (and other parties that make use of consumer reports and/or furnish information to CRAs), consumers and their representatives, regulatory authorities, and other interested parties. Although the Commission stated that it was requesting comments until March 31, 1997, comments received after that date were taken into account.

This document highlights the principal areas in which the Commission revised the proposed versions of the notices or decided not to do so... "

"... The sentence noting that a CRA is not required to include a "risk score" or "credit score" in disclosures to consumers of their credit histories. The Commission included the sentence in the proposed summary to try to answer a question that consumers would otherwise ask of CRAs. Upon review of the diverse comments,(2) the Commission now believes that the reference would be more hindrance than help, and accordingly has deleted it... "

"... 2. This sentence in the second bullet ("You can find out what is in your file") was based on a clause specifically added to Section 609(a)(1). One comment from major creditors stated that the reference should be expanded to refer to "any information concerning" such scores "or other predictors." A more frequent view, offered by a major CRA, a trade association, and a federal regulatory agency stated that the section was unnecessary and would confuse rather than educate consumers..."

The Equal Credit Opportunity Act

Legislative History

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