FEDERAL RESERVE BOARD AUTHORITY.

SEC. 2418. FEDERAL RESERVE BOARD AUTHORITY. Section 621 of the Fair Credit Reporting Act (15 U.S.C. 1681s) is amended by adding at the end the following new subsection: “(e) Interpretive Authority.— The Board of Governors of the Federal Reserve System may issue interpretations of any provision of this title as such provision may apply to any persons identified under paragraph (1), (2), and (3) of subsection (b), or to the holding companies and affiliates of such persons, in consultation with Federal agencies identified in paragraphs (1), (2), and (3) of subsection (b).”.