United States:
Federal Register: FTC Adopts Rules Implementing Free Credit Monitoring For Active-Duty Military Consumers
16 July 2019
Cadwalader, Wickersham & Taft LLP
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The FTC adoption of several rules that will require nationwide
consumer reporting agencies ("CRAs") to provide a free
electronic credit monitoring service to active-duty military
consumers was published in the Federal Register.
As previously covered, the rule release will
require CRAs to notify active-duty military consumers within 48
hours of any material additions or modifications to their credit
files.
The rules will go into effect on July 31, 2019. Compliance will
be required beginning on October 31, 2019.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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