717.1—Purpose, scope, and effective dates.
(a) Purpose.
The purpose of this part is to implement the provisions of the Fair Credit Reporting Act. This part generally applies to federal credit unions that obtain and use information about consumers to determine the consumer's eligibility for products, services, or employment, share such information among affiliates, and furnish information to consumer reporting agencies.
(2) Institutions covered.
(i)
Except as otherwise provided in this part, the regulations in this part apply to federal credit unions.