NY Implements New Regulation Applicable to Consumer Credit Reporting Agencies

Credit reporting agencies with significant operations in New York now will be required to register with the New York Department of Financial Services (NYDFS). Covered agencies must register on or before September 15, 2018, or within 15 days of the date they become subject to the regulations requirements. One or more officers or directors must be designated to be responsible for compliance under the rules of New York. Beginning in 2019, each consumer credit reporting agency registered in New York must report information requested by the DFS Superintendent on or before July 1 of each year.

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