15 U.S. Code § 1681w - Disposal of records

(a) Regulations
(1) In general
The Federal Trade Commission, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Federal banking agencies, and the National Credit Union Administration, with respect to the entities that are subject to their respective enforcement authority under section 1681s of this title, and in coordination as described in paragraph (2), shall issue final regulations requiring any person that maintains or otherwise possesses consumer information, or any compilation of consumer information, derived from consumer reports for a business purpose to properly dispose of any such information or compilation.
(2) Coordination
Each agency required to prescribe regulations under paragraph (1) shall—
(A) consult and coordinate with each other such agency so that, to the extent possible, the regulations prescribed by each such agency are consistent and comparable with the regulations by each such other agency; and
(B) ensure that such regulations are consistent with the requirements and regulations issued pursuant to Public Law 106–102 and other provisions of Federal law.
(3) Exemption authority
In issuing regulations under this section, the agencies identified in paragraph (1) may exempt any person or class of persons from application of those regulations, as such agency deems appropriate to carry out the purpose of this section.
(b) Rule of construction
Nothing in this section shall be construed—
(1) to require a person to maintain or destroy any record pertaining to a consumer that is not imposed under other law; or
(2) to alter or affect any requirement imposed under any other provision of law to maintain or destroy such a record.

Source

(Pub. L. 90–321, title VI, § 628, as added Pub. L. 108–159, title II, § 216(a),Dec. 4, 2003, 117 Stat. 1985; amended Pub. L. 111–203, title X, § 1088(a)(12), (13),July 21, 2010, 124 Stat. 2091, 2092.)
References in Text

Public Law 106–102, referred to in subsec. (a)(2)(B), is Pub. L. 106–102, Nov. 12, 1999, 113 Stat. 1338, as amended, known as the Gramm-Leach-Bliley Act. For complete classification of this Act to the Code, see Short Title of 1999 Amendment note set out under section 1811 of Title 12, Banks and Banking, and Tables.
Amendments

2010—Subsec. (a)(1). Pub. L. 111–203, § 1088(a)(12), substituted “The Federal Trade Commission, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Federal banking agencies, and the National Credit Union Administration, with respect to the entities that are subject to their respective enforcement authority under section 1681s of this title,” for “Not later than 1 year after December 4, 2003, the Federal banking agencies, the National Credit Union Administration, and the Commission with respect to the entities that are subject to their respective enforcement authority under section 1681s of this title, and the Securities and Exchange Commission,”.
Subsec. (a)(3). Pub. L. 111–203, § 1088(a)(13), substituted “the agencies identified in paragraph (1)” for “the Federal banking agencies, the National Credit Union Administration, the Commission, and the Securities and Exchange Commission”.
Effective Date of 2010 Amendment

Amendment by Pub. L. 111–203effective on the designated transfer date, see section 1100H ofPub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.
Effective Date

Section subject to joint regulations establishing effective dates as prescribed by Federal Reserve Board and Federal Trade Commission, except as otherwise provided, see section 3 ofPub. L. 108–159, set out as an Effective Date of 2003 Amendment note under section 1681 of this title.

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


12 CFR - Banks and Banking

12 CFR Part 30 - SAFETY AND SOUNDNESS STANDARDS

12 CFR Part 41 - FAIR CREDIT REPORTING

12 CFR Part 171 - FAIR CREDIT REPORTING

12 CFR Part 208 - MEMBERSHIP OF STATE BANKING INSTITUTIONS IN THE FEDERAL RESERVE SYSTEM (REGULATION H)

12 CFR Part 211 - INTERNATIONAL BANKING OPERATIONS (REGULATION K)

12 CFR Part 222 - FAIR CREDIT REPORTING (REGULATION V)

12 CFR Part 225 - BANK HOLDING COMPANIES AND CHANGE IN BANK CONTROL (REGULATION Y)

12 CFR Part 334 - FAIR CREDIT REPORTING

12 CFR Part 364 - STANDARDS FOR SAFETY AND SOUNDNESS

12 CFR Part 568 - SECURITY PROCEDURES

12 CFR Part 570 - SAFETY AND SOUNDNESS GUIDELINES AND COMPLIANCE PROCEDURES

12 CFR Part 571 - FAIR CREDIT REPORTING

12 CFR Part 717 - FAIR CREDIT REPORTING

14 CFR - Aeronautics and Space

14 CFR Part 374 - IMPLEMENTATION OF THE CONSUMER CREDIT PROTECTION ACT WITH RESPECT TO AIR CARRIERS AND FOREIGN AIR CARRIERS

16 CFR - Commercial Practices

16 CFR Part 1 - GENERAL PROCEDURES

17 CFR - Commodity and Securities Exchanges

17 CFR Part 248 - REGULATIONS S-P AND S-AM

 

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