C.F.R. » Title 16 » CHAPTER I—FEDERAL TRADE COMMISSION › SUBCHAPTER F—FAIR CREDIT REPORTING ACT › PART 660—DUTIES OF FURNISHERS OF INFORMATION TO CONSUMER REPORTING AGENCIES

16 C.F.R. § 660.2

Definitions

Read at: eCFRecfr.gov CornellLII GovInfogovinfo.gov CasesGoogle Scholar

For purposes of this part and appendix A of this part, the following definitions apply:

(a) Accuracy means that information that a furnisher provides to a consumer reporting agency about an account or other relationship with the consumer correctly:

(1) Reflects the terms of and liability for the account or other relationship;

(2) Reflects the consumer's performance and other conduct with respect to the account or other relationship; and

(3) Identifies the appropriate consumer.

(b) Direct dispute means a dispute submitted directly to a furnisher (including a furnisher that is a debt collector) by a consumer concerning the accuracy of any information contained in a consumer report and pertaining to an account or other relationship that the furnisher has or had with the consumer.

(c) Furnisher means an entity that furnishes information relating to consumers to one or more consumer reporting agencies for inclusion in a consumer report. An entity is not a furnisher when it:

(1) Provides information to a consumer reporting agency solely to obtain a consumer report in accordance with sections 604(a) and (f) of the Fair Credit Reporting Act;

(2) Is acting as a “consumer reporting agency” as defined in section 603(f) of the Fair Credit Reporting Act;

(3) Is a consumer to whom the furnished information pertains; or

(4) Is a neighbor, friend, or associate of the consumer, or another individual with whom the consumer is acquainted or who may have knowledge about the consumer, and who provides information about the consumer's character, general reputation, personal characteristics, or mode of living in response to a specific request from a consumer reporting agency.

(d) Identity theft has the same meaning as in 12 CFR 1022.3(h).

(e) Integrity means that information that a furnisher provides to a consumer reporting agency about an account or other relationship with the consumer:

(1) Is substantiated by the furnisher's records at the time it is furnished;

(2) Is furnished in a form and manner that is designed to minimize the likelihood that the information may be incorrectly reflected in a consumer report; and

(3) Includes the information in the furnisher's possession about the account or other relationship that the Commission has:

(i) Determined that the absence of which would likely be materially misleading in evaluating a consumer's creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living; and (ii) Listed in section I.(b)(2)(iii) of Appendix A of this part.

(f) Motor vehicle dealer means any person excluded from Consumer Financial Protection Bureau jurisdiction as described in 12 U.S.C. 5519.

[74 FR 31525, July 1, 2009, as amended at 86 FR 51821, Sept. 17, 2021]
Notes of Decisions
Cited in 24 cases (18 in the last 5 years), 2014–2024 · leading case: Harris v. Pennsylvania Higher Educ. Assistance Agency/Am. Educ. Servs., 696 F. App'x 87 (3rd Cir. 2017).
Sort: Relevance Newest Treatment
Harris v. Pennsylvania Higher Educ. Assistance Agency/Am. Educ. Servs., 696 F. App'x 87 (3rd Cir. 2017). “16 C.F.R. § 660.2 (c). PHEEA’s actions thus are judged under 15 U.”
Munroe v. Nationstar Mortg. LLC, 207 F. Supp. 3d 232 (E.D.N.Y 2016). “” 16 C.F.R. § 660.2 . Nationstar does not contest that Plaintiff has sufficiently stated that it is a furnisher.”
Nguyen v. Ridgewood Sav. Bank, 66 F. Supp. 3d 299 (E.D.N.Y 2014). “” 16 C.F.R. § 660.2 . Defendants state, and Plaintiff does not dispute, that Ridgewood is a furnisher.”
Thomas J. Alston v. Lexisnexis Risk Solutions Inc. (D.D.C. 2022). · cites it 7× “2013), 16 C.F.R. § 660.2 defines a “furnisher” as “an entity that furnishes information relating to consumers to one or more consumer reporting agencies for inclusion in a consumer report.”
Smith v. Lockhart, Morris & Montgomery, Inc. (S.D. Ohio 2024). · cites it 3× “” However, 16 C.F.R. § 660.2 defines a “furnisher” as “an entity that furnishes information relating to consumers to one or more consumer reporting agencies for inclusion in a consumer report.”
Pine v. Dep't of Educ. (E.D. Pa. 2020). · cites it 2× “§ 1681a(f); 16 C.F.R. § 660.2 (c). 46 15 U.S.C. § 1681a(f); see also Harris v.”
Lewis v. Capital One Bank (E.D. Pa. 2022). · cites it 2× “28, 2006); accord 16 C.F.R. § 660.2 (c). Plaintiff alleges that “Defendant furnished a trade line of $1,800 allegedly owed to CAPITAL ONE BANK.”
Gonzalez v. Sallie Mae Bank (S.D. Cal. 2019). “, the 4 furnisher of information to the CRA), see 16 C.F.R. § 660.2 (b), but this creates no 5 private right of action regardless of how the dispute is resolved.”
Hallback v. Carrington Mortg. Servs. LLC (M.D. Fla. 2022). “]” 16 C.F.R. § 660.2 . Among other entities, section 604(a) covers those obtaining consumer reports for the purpose of extending credit upon an application by a consumer and when there is a legitimate business need related to a business transaction initiated by the consumer.”
Hopper v. BMO Harris Bank, N.A. (D. Minnesota 2023). “16 C.F.R. § 660.2 (c). Furnishers have certain duties under the FCRA “after receiving notice pursuant to section 1681i(a)(2).”
Greene v. Lexisnexis Risk Soulutions, Inc. (D.N.J. 2024). “” 16 C.F.R. § 660.2 . Here, Plaintiff has not alleged that Defendant furnished any information to a consumer reporting agency.”
Sessa v. Linear Motors, LLC (S.D.N.Y. 2021). “” See 16 C.F.R. § 660.2 . Relevant to this case, the law bars furnishers from supplying information to CRAs it “knows or has reasonable cause to believe .”
Show all 24 citing cases →
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.