House and Senate conferees are scheduled to meet this week in an effort to resolve differences between House and Senate versions of legislation renewing key provisions of the Fair Credit Reporting Act (FCRA). Staffers on both sides of the aisle tried last week to reconcile the two bills (H.R. 2622 and S. 1753) but major differences remain. Both bills renew expiring FCRA provisions that give federal law precedence over state law with regard to the use and exchange of personal financial information. Key differences include Senate provisions limiting marketing solicitations based on affiliate information sharing and expanding adverse action notices and tougher House provisions covering identity theft.

What It Means to Agents: PIA supports reauthorization of the Fair Credit Reporting Act.