Political Quotes

Donald Riegle: “our amendment to sections 621(a) and 621(d)(1)(D) of S. 783 would preclude the Federal Trade Commission and the States…”

On the recordMay 4, 1994
our amendment to sections 621(a) and 621(d)(1)(D) of S. 783 would preclude the Federal Trade Commission and the States from obtaining civil penalties for initial violations of section 622(a)(1) relating to the reporting of information by creditors to consumer report agencies. My question is if a creditor is found liable for violation of section 622(a)(1) by either the Commission or the States, and has been put under order, is it the intent of your amendment to preclude the Commission and States from seeking civil penalties for violations of Commission or State orders prohibit such conduct in the future?
Said by
Donald Riegle
Democratic · Michigan
Source
govinfo.gov

Editor's note · Context

Discussing amendments related to civil penalties for creditors in consumer reporting.

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