Is a payment provider, in Prince Edward Island

R.S.P.E.I. 1988, c. C-20 · Read the law's page

• The Act binds a consumer reporting agency (a person who for gain or profit, or on a regular co-operative non-profit basis, furnishes consumer reports), a personal information investigator, and a user of a consumer report (ss. 1(1), 3(1), 10).
• Do not operate or act as a consumer reporting agency or personal information investigator in the province unless registered under the Act (s. 3(1)).
• As a consumer reporting agency, furnish information from your files only in response to a court order, on the consumer's written instructions, in response to an order or direction made under the Act, or in a consumer report to a person you have reason to believe will use it for a purpose listed in section 8(1)(d) (s. 8(1)).
• As a consumer reporting agency, adopt all procedures reasonable for ensuring the greatest possible accuracy and fairness in your consumer reports, and leave out the items section 9(3) bars, including bankruptcy information more than seven years after discharge (s. 9(1), (3)).
• Before procuring a consumer report on a consumer, notify the consumer or obtain the consumer's consent (s. 10(2)).
• If you deny a benefit to a consumer or increase a charge, in whole or in part because of information from a consumer reporting agency, advise the consumer at the time the action is communicated, including the right to ask for the agency's name and address within sixty days (s. 10(3)).
• At a consumer's written request, disclose without charge the nature and substance of the information in your file, its sources and the recipients of reports in the preceding twelve months, and correct, supplement or delete information the consumer disputes in accordance with good practice (ss. 11(1), 12(1)).