Confers enforcement jurisdiction upon: (1) the Federal Trade Commission; and (2) designated Federal agencies in specified circumstances.
Amends the Fair Credit Reporting Act to prescribe procedural guidelines under which a consumer reporting agency shall: (1) notify the requester of a discrepancy in the address in the consumer file; and (2) include a fraud alert in the file of a requesting consumer.
Mandates truncation of credit card account numbers, so that an entity that accepts credit cards for the transaction of business is prohibited from printing more than the last five digits of the credit card account number or the expiration date upon any receipt provided to the cardholder.
Mandates that one annual credit report be furnished free by a consumer reporting agency upon consumer request.