Summary of Original Version

Create a new section of KRS Chapter 367 to prohibit the furnishing of a person's information by a consumer reporting agency to a third party under certain circumstances without the person's consent; provide for enforcement by the Attorney General and a private right of action; establish penalties; authorize the Attorney General to promulgate administrative regulations necessary to effectuate enforcement.

Summary of Amendment: House Committee Substitute 1

Summary Retain original provisions, except add definition of "third party"; prohibit consumer reporting agencies from engaging in certain conduct affecting financial institutions; provide that a financial institution may institute a civil action against a consumer reporting agency for an alleged violation affecting the financial institution.