12 CFR § 334.1 - Purpose and scope.

---
identifier: "/us/cfr/t12/s334.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 334.1 - Purpose and scope."
title_number: 12
title_name: "Banks and Banking"
section_number: "334.1"
section_name: "Purpose and scope."
chapter_name: "FEDERAL DEPOSIT INSURANCE CORPORATION"
subchapter_number: "B"
subchapter_name: "REGULATIONS AND STATEMENTS OF GENERAL POLICY"
part_number: "334"
part_name: "FAIR CREDIT REPORTING"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1818, 1819 (Tenth), and 1831p-1; 15 U.S.C. 1681a, 1681b, 1681c, 1681m, 1681s, 1681s-2, 1681s-3, 1681t, 1681w, 6801  Pub. L. 108-159, 117 Stat. 1952."
regulatory_source: "69 FR 77618, Dec. 28, 2004, unless otherwise noted."
cfr_part: "334"
---


# 334.1 Purpose and scope.

(a) *Purpose* The purpose of this part is to implement the Fair Credit Reporting Act.

(b) *Scope* Except as otherwise provided in this part, the regulations in this part apply to insured state nonmember banks, state savings associations whose deposits are insured by the Federal Deposit Insurance Corporation, insured state licensed branches of foreign banks, and subsidiaries of such entities (except brokers, dealers, persons providing insurance, investment companies, and investment advisers).

[80 FR 65918, Oct. 28, 2015]