3.0.0 1786 2023-01-11T13:38:36Z 2023-01-11T13:38:36Z Senate S 2017-09-11 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2017-10-17T14:00:34Z Referred to 2017-09-11T20:02:10Z 2017-10-17 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-132. Committee 2017-09-11 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-09-11 Introduced in Senate IntroReferral 10000 9 Library of Congress S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI N W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2017-09-11 True M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2017-09-11 True M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO 2017-09-11 True B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2017-09-11 True S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2017-09-11 True M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2017-09-14 False Finance and Financial Sector Administrative law and regulatory procedures Child safety and welfare Civil actions and liability Computer security and identity theft Congressional oversight Consumer Financial Protection Bureau Consumer credit Fraud offenses and financial crimes Government information and archives Government studies and investigations Legal fees and court costs User charges and fees Finance and Financial Sector 00 2017-09-11 Introduced in Senate 2018-01-02T23:07:59Z Stopping Errors in Consumer Use and REporting Act of 2017 or the SECURE Act of 2017

This bill amends the Fair Credit Reporting Act with respect to civil liability for willful or negligent noncompliance with consumer credit protection requirements. Specifically, it authorizes a court to award: (1) injunctive relief to require compliance with that Act, and (2) costs and fees to the prevailing party in any successful action for injunctive relief.

In disputes regarding information contained in a consumer's credit report, the consumer reporting agency must provide all documentation provided by the consumer to the furnisher of the disputed information. The furnisher must review and consider the documentation.

The Consumer Financial Protection Bureau (CFPB) must issue rules to ensure accuracy of consumer reports issued by consumer reporting agencies.

This bill adds negligence and willful violations of the Act as a basis for civil action and penalty by the Federal Trade Commission.

A consumer reporting agency: (1) must give a consumer a credit score free of charge if one is requested in connection with a free annual consumer report, and (2) must provide free disclosures to any consumer who has received either a notice of adverse action or an offer of credit on materially less favorable terms.

Upon request by a consumer under age 16 or the consumer's legal guardian or custodian, a consumer reporting agency may not provide anyone with the minor's consumer report, nor add information to the file without permission.

The Government Accountability Office must study the feasibility of a government-administered consumer credit reporting system.

]]> SECURE Act of 2017 Display Title SECURE Act of 2017 Short Titles as Introduced SECURE Act of 2017 Short Titles as Introduced Stopping Errors in Consumer Use and REporting Act of 2017 Official Title as Introduced A bill to amend the Fair Credit Reporting Act to enhance the accuracy of credit reporting and provide greater rights to consumers who dispute errors in their credit reports, and for other purposes. Introduced in Senate 2017-09-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1786is/xml/BILLS-115s1786is.xml 2017-10-17 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-132. 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.