3.0.0 5446 2023-01-11T13:25:38Z 2023-01-11T13:25:38Z House H HR 2014-09-10 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ROYCE:H.R. 5446.Congress has the power to enact this legislation pursuantto the following:Under Article I, Section 8, Clause 3 of the U.S.Constitution to regulate commerce.[Page H7433]]]> hsba00 Financial Services Committee House Standing Referred to 2014-09-10T14:00:44Z 2014-09-10 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-09-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-09-10 Introduced in House IntroReferral 1000 9 Library of Congress R000487 Rep. Royce, Edward R. [R-CA-39] ED ROYCE R CA 39 N H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2014-09-10 True Finance and Financial Sector Congressional oversight Consumer affairs Consumer credit Contracts and agency Federal preemption Government studies and investigations State and local government operations Finance and Financial Sector 00 2014-09-10 Introduced in House 2014-10-24T20:14:49Z Facilitating Access to Credit Act of 2014 - Amends the Credit Repair Organizations Act to exempt from its coverage any consumer reporting agency (or affiliate or subsidiary) described under the Fair Credit Reporting Act as:

  • one that compiles and maintains files on consumers on a nationwide basis; or
  • any person which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers in order to furnish consumer reports to third parties, if the person is subject to supervision and examination by the Consumer Financial Protection Bureau (CFPB).

Preempts state law and regulations concerning a credit repair organization to the extent they would apply to consumer reporting agencies subject to this Act.

Directs the Federal Trade Commission (FTC) to study whether, in addition to these persons, any other person should be exempt from the Credit Repair Organizations Act.

]]> Facilitating Access to Credit Act of 2014 Display Title Facilitating Access to Credit Act of 2014 Official Title as Introduced To amend the Credit Repair Organizations Act to exempt certain consumer reporting agencies, and for other purposes. Introduced in House IH Short Titles as Introduced Facilitating Access to Credit Act of 2014 Introduced in House 2014-09-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr5446ih/xml/BILLS-113hr5446ih.xml 2014-09-10 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.