Mr. Mac Harb (Ottawa Centre, Lib.) moved for leave to introduce Bill C-393, an act to require federally regulated financial institutions, credit bureaus and federal corporations to advise consumers before giving any information on their financial history to a credit grantor or credit bureau and to allow for correction of a record following an objection by a consumer.
Can we infer the following?
Federal financial institutions will consult with individuals now before passing said individual's data along to a credit bureau.
Yes