Bill > A06862

This bill amends the New York General Business Law to require consumer reporting agencies (CRAs) to notify consumers when a consumer report is requested about them, either by mail or electronic mail whenever possible. Upon receiving such a notification, consumers can request additional details from the CRA, including the name of the person or entity requesting the report, the nature and date of the request, and the amount of any potential loan related to the request. To receive this information, consumers must provide sufficient proof of identification as outlined in a related section of the law. The purpose of this bill is to increase transparency and give consumers more insight into when and why their credit information is being accessed. The bill will go into effect 90 days after it becomes law, providing CRAs time to implement the new notification requirements. This legislation aims to enhance consumer protection by ensuring individuals are aware of and can track requests for their personal credit information.

Business and Industry, Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A6862