Bill > S02248

This bill amends the New York General Business Law to require consumer reporting agencies (CRAs) to notify consumers when a consumer report about them is requested. Specifically, the CRA must contact the consumer by mail or electronic mail when a report is requested, and if the consumer follows up, the CRA must provide details about the request, including the name of the entity requesting the report, the nature of the request, the date of the request, and the potential loan amount (to the greatest extent practicable). To receive this information, the consumer must first provide sufficient proof of identification, following existing identification verification procedures in the law. The bill aims to increase transparency for consumers by ensuring they are informed when their personal credit information is being accessed and by giving them the ability to learn more about who is requesting their report. The new requirements will take effect 90 days after the bill becomes law.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S2248