Fair Credit Reporting: 10.7.5 Affiliate Information Sharing Preemption—§ 1681t(b)(2)
Section 1681t(b)(2) preempts state requirements and prohibitions “with respect to the exchange of information among persons affiliated by common ownership or common corporate control.”527 The preempting provision has an exception for a Vermont statute, as it existed in 1996, that requires a consumer’s consent to obtain a consumer report, unless the report is obtained pursuant to a court order.528