What's happening
This bill requires consumer reporting agencies to provide consumers with their information for free, upon request, at any time.
Why it matters
Gives consumers greater control over their personal information. by allowing them to request their credit files from consumer reporting agencies as often as they want, not just once per year.
Removes financial barriers. to accessing credit information, ensuring that all consumers—regardless of income—can monitor their credit reports for errors, fraud, or identity theft without paying fees.
Increases consumer awareness and transparency. around who is accessing and using their credit information, since agencies must disclose both the sources of information and the recipients of consumer reports upon request.
Empowers New Yorkers to spot and correct inaccuracies. in their credit reports more quickly, which can have a direct impact on their ability to secure loans, housing, or employment.
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Sponsors
No co-sponsors yet.
History
- Referred to consumer affairs and protection
- Referred to consumer affairs and protection
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
607
2019-2020 Regular Sessions
IN ASSEMBLY (Prefiled)
January 9, 2019
Introduced by M. of A. L. ROSENTHAL -- read once and referred to the Committee on Consumer Affairs and Protection
AN ACT to amend the general business law, in relation to requiring consumer reporting agencies to provide a consumer's information to such consumer at no cost
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivision (a) of section 380-d of the general business law, as added by chapter 867 of the laws of 1977, is amended to read as follows:
(a) Every consumer reporting agency shall at any time, upon request and proper identification of any consumer, and at no cost to the consumer, clearly and accurately disclose to the consumer:
(1) all information in its files at the time of the request concerning such consumer; and
(2) the sources of the information; except that the sources of information acquired solely for use in preparing an investigative consumer report and actually used for no other purpose need not be disclosed; provided, however, that in the event an action is brought under section three hundred eighty-n of this article, such sources shall be available to the plaintiff under appropriate discovery procedures in the court in which the action is brought; and
(3) the recipients of any consumer report on the consumer which it has furnished;
(i) for employment purposes within the two-year period preceding the request, and
(ii) for any other purpose within the six month period preceding the request.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04779-01-9
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.