Bill > SB2232

This bill aims to protect consumers from potential fraud related to auto loans by amending the Consumer Fraud and Deceptive Business Practices Act. Specifically, the bill prohibits consumer reporting agencies from providing a consumer report or contact information that was not specifically requested by the consumer, if that report or information is being obtained based on an inquiry related to a residential mortgage loan or automobile loan as defined under the Truth in Lending Act. The bill is designed to be enforceable as long as it does not conflict with federal laws like the Fair Credit Reporting Act. Any violation of this provision would be considered an unlawful practice under the Act, potentially subjecting the reporting agency to legal penalties. The primary intent is to prevent consumer reporting agencies from sharing or selling consumer information without direct consumer consent, particularly in the context of loan inquiries.

Justice

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2232&GAID=18&DocTypeID=SB&SessionID=114&GA=104