Page:United States Statutes at Large Volume 110 Part 4.djvu/617

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PUBLIC LAW 104-208—SEPT. 30, 1996 110 STAT. 3009 -454 "(C) gives greater protection to consumers than is provided under this title.". SEC. 2420. EFFECTIVE DATE. 15 USC 1681a (a) IN GENERAL. —Except as otherwise specifically provided in this chapter, the amendments made by this chapter shall become effective 365 days after the date of enactment of this Act. (b) EARLY COMPLIANCE. — Any person or other entity that is subject to the requirements of this chapter may, at its option, comply with any provision of this chapter before the date on which that provision becomes effective under this chapter, in which case, each of the corresponding provisions of this chapter shall be fully applicable to such person or entity. SEC. 2421. RELATIONSHIP TO OTHER LAW. 15 USC 1681a Nothing in this chapter or the amendments made by this chapter shall be considered to supersede or otherwise affect section 2721 of title 18, United States Code, with respect to motor vehicle records for surveys, marketing, or solicitations. SEC. 2422. FEDERAL RESERVE BOARD STUDY. (a) STUDY REQUIRED. —The Board of Governors of the Federal Reserve System, in consultation with the other Federal banking agencies (as defined in section 3 of the Federal Deposit Insurance Act) and the Federal Trade Commission, shall conduct a study of whether organizations which, as of the date of the enactment of this Act, are not subject to the Fair Credit Reporting Act as consumer reporting agencies (as defined in section 603 of such Act) are engaged in the business of making sensitive consumer identification information, including social security numbers, mothers' maiden names, prior addresses, and dates of birth, available to the general public. (b) DETERMINATION OF POTENTIAL FOR FRAUD. —I f the Board of Governors of the Federal Reserve System determines that organizations referred to in subsection (a) are engaged in the business of making sensitive consumer identification information available to the general public, the Board shall determine— (1) whether such activities create undue potential for fraud and risk of loss to insured depository institutions (as defined in section 3 of the Federal Deposit Insurance Act); and (2) if so, whether changes in Federal law are necessary to address such risks of fraud and loss. (c) REPORT TO CONGRESS.— Before the end of the 6-month period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System shall submit a report to the Congress containing— (1) the findings and conclusion of the Board in connection with the study required under subsections (a) and (b); and (2) recommendations for such legislative or administrative action as the Board determines to be appropriate. CHAPTER 2—CREDIT REPAIR ORGANIZATIONS SEC. 2451. REGULATION OF CREDIT REPAIR ORGANIZATIONS. Title rV of the Consumer Credit Protection Act (Public Law 90-321, 82 Stat. 164) is amended to read as follows: