Public Law 91-508

E618773

Public Law 91-508 is a 1970 U.S. federal statute that, among other financial privacy and recordkeeping provisions, enacted the Fair Credit Reporting Act to regulate consumer credit information and reporting agencies.

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Public Law 91-508 canonical 1

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Statements (49)

Predicate Object
instanceOf Act of Congress
United States federal statute
alsoKnownAs Bank Secrecy Act of 1970
linked to: Bank Secrecy Act
amendedBy Fair and Accurate Credit Transactions Act of 2003
Financial Institutions Regulatory and Interest Rate Control Act of 1978
Gramm–Leach–Bliley Act
Right to Financial Privacy Act of 1978
codifiedIn Title 12 of the United States Code
Title 15 of the United States Code
Title 31 of the United States Code
componentOf United States financial regulatory framework
containsTitle Title I – Foreign Transactions Reporting Act
Title II – Currency and Foreign Transactions Reporting Act
linked to: Bank Secrecy Act

Title VI – Fair Credit Reporting Act
country United States
dateSigned October 26, 1970
enactedBy 91st United States Congress
enacts Fair Credit Reporting Act
establishesRequirement accuracy and fairness standards for consumer credit reports
recordkeeping for certain financial transactions
reporting of large currency transactions
hasPart Currency and Foreign Transactions Reporting provisions
Fair Credit Reporting Act
jurisdiction United States federal government
language English
legalStatus in force (as amended)
legislativeBody United States Congress
protectsInterest consumers using credit
integrity of the financial system
publicLawNumber Pub.L. 91-508
purpose to regulate the collection, dissemination, and use of consumer credit information
to require financial institutions to maintain certain records
to require reporting of certain currency and foreign transactions
regulates consumer reporting agencies
financial institutions
relatedTo Bank Secrecy Act
anti–money laundering regulation
consumer protection law in the United States
shortTitle Bank Secrecy Act and Related Measures
linked to: Bank Secrecy Act
signedBy Richard Nixon
signingPresident Richard Nixon
statutesAtLargeCitation 84 Stat. 1114
subjectMatter consumer credit reporting
currency reporting
financial privacy
financial recordkeeping
foreign financial transactions
title An Act to improve the ability of the United States to obtain information on the ownership and control of foreign bank accounts and other financial relationships, to require the maintenance of adequate records, and for other purposes
linked to: Bank Secrecy Act
yearEnacted 1970

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Fair Credit Reporting Act publicLawNumber Public Law 91-508