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New rules from the federal bank agencies and the FTC require you to confirm the identity of the consumer when you receive an address discrepancy notice from a credit reporting agency. Does the Department routinely contact the taxpayer submitting a response on the Discrepancy Notice prior to issuing a Notice of Assessment? Address Discrepancy Notices The final rules also implement Section 315 of FACTA, which compels users of credit reports to establish policies and procedures to apply if they receive from a consumer reporting agency a notice of a substantial difference between the consumer's address provided by the user in requesting the report and the address the consumer reporting agency has in its file. |
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