CRAM

3.0.0 1249 2023-01-11T13:31:11Z 2023-01-11T13:31:11Z Senate S 2015-05-07 114 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2015-05-07T20:02:58Z CRAM 114 1514 HR 2015-03-19 Referred to the House Committee on Financial Services. Related bill CRS 2015-05-07 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2015-05-07 Introduced in Senate IntroReferral 10000 9 Library of Congress M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ N B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2015-05-07 True B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2015-05-07 True F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2015-10-27 False B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2015-10-29 False Finance and Financial Sector Consumer affairs Consumer credit Military personnel and dependents Finance and Financial Sector

00 2015-05-07 Introduced in Senate 2015-06-22T20:17:02Z Military Families Credit Reporting Act

This bill amends the Fair Credit Reporting Act with respect to an item of adverse information about an active duty military consumer.

Declares that, if the action or inaction that gave rise to the item occurred while the consumer was an active duty military consumer, then: (1) the consumer may provide appropriate proof, including official orders, to a consumer reporting agency that the consumer was an active duty military consumer at the time the action or inaction occurred; and (2) any consumer report made by the agency including that item of information shall clearly and conspicuously disclose that the consumer was an active duty military consumer when the action or inaction that gave rise to the item occurred.

Requires the Consumer Financial Protection Bureau to prepare and make publicly available a model form that allows a consumer to: (1) notify a consumer reporting agency that the consumer is an active duty military consumer, and (2) provide the consumer's contact information for communicating with the consumer while he or she is an active duty military consumer.

Requires a consumer reporting agency to notify promptly an active duty military consumer whenever it receives an item of adverse information about him or her, along with a description of the item and the method by which the consumer can dispute the validity of the item.

Requires an agency also to use any separate contact information an active duty military consumer has given it for all communications while the individual is an active duty military consumer.

Declares the sense of Congress that any person making use of a consumer report containing an item of adverse information that occurred while the consumer was an active duty military consumer should take that fact into account when evaluating the consumer's creditworthiness.

Requires a consumer reporting agency, with respect to an item of information under dispute by an active duty military consumer, to include in the consumer's file that he or she was an active duty military consumer at the time the action or inaction that gave rise to the disputed item occurred, and indicate this fact in each consumer report that includes the disputed item.

]]>

Military Families Credit Reporting Act Display Title Military Families Credit Reporting Act Official Title as Introduced A bill to amend the Fair Credit Reporting Act to provide protections for active duty military consumers, and for other purposes. Introduced in Senate IS Short Titles as Introduced Military Families Credit Reporting Act Introduced in Senate 2015-05-07T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s1249is/xml/BILLS-114s1249is.xml 2015-05-07 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.