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On January 21, 2015, the FDIC issued a proposed rule amending
regulations related to "Fair Credit Reporting." The three
proposed amendments are as follows: (i) rescinding and removing the
provisions of FDIC's Part 334; (ii) rescinding and removing 12
CFR Part 391 Subpart C and amending 12 CFR Part 334 of the
FDIC's existing Rules and Regulations; and (iii) amending the
definition of "creditor" in the Red Flag Identity Theft
rule to implement the Red Flag Program Clarification Act of 2010.
Overall, the revisions would streamline FDIC rules and eliminate
unnecessary regulations.
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guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
