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IN SB0459
Bill
Status
1/14/2015
Primary Sponsor
Patricia Miller
Click for details
AI Summary
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Classifies violations of the federal Fair Credit Reporting Act (15 U.S.C. 1681 et seq.) in connection with Indiana consumer transactions as deceptive acts subject to Indiana consumer protection penalties.
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Requires the Indiana Attorney General to investigate complaints from Indiana consumers regarding alleged violations of specified Fair Credit Reporting Act provisions, including disclosure requirements, credit score transparency, and dispute rights.
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Authorizes the Attorney General to initiate investigations on its own motion into suspected Fair Credit Reporting Act violations and to subpoena witnesses and documents.
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Empowers the Attorney General to bring enforcement actions in federal district court or state court for injunctive relief and/or damages on behalf of affected Indiana consumers.
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Establishes these enforcement procedures as additional remedies available beyond existing deceptive consumer sales protections under Indiana Code 24-5-0.5.
Legislative Description
Fair credit reporting. Provides that a violation of the federal Fair Credit Reporting Act (act), or any regulations issued under the act, in connection with a consumer transaction involving an Indiana consumer, is a deceptive act that is subject to the penalties set forth in the statute concerning deceptive consumer sales. Requires the attorney general to investigate complaints made by or on behalf of Indiana consumers and concerning alleged violations of specified provisions of the act. Allows the attorney general to investigate, on the attorney general's own motion, suspected violations of the specified provisions of the act. Authorizes the attorney
Last Action
First Reading: referred to Committee on Insurance & Financial Institutions
1/14/2015