New York S04115 amends the financial services law to require licensing for credit reporting agencies and allows the superintendent to examine their.

New York S04115 amends the financial services law by adding a new article to regulate consumer reporting agencies. The bill requires any person, partnership, association, or corporation to obtain a license from the superintendent to engage in credit reporting. The superintendent is authorized to examine the books and records of all licensees to discover violations or secure required information. The superintendent can also require the attendance and examination under oath of individuals relevant to consumer reporting agencies.

New York S04115 amends the financial services law to require licensing for credit reporting agencies and allows the superintendent to examine their.

New York S04115 amends the financial services law by adding a new article to regulate consumer reporting agencies. The bill requires any person, partnership, association, or corporation to obtain a license from the superintendent to engage in credit reporting. The superintendent is authorized to examine the books and records of all licensees to discover violations or secure required information. The superintendent can also require the attendance and examination under oath of individuals relevant to consumer reporting agencies.