FAIR CREDIT REPORTING ACT

Bills and resolutions

Consumer Financial Protection Bureau: establish clear Federal oversight of development of credit scoring models (see H.R. 3629), H5302 [9JY]

——— issue rules to establish standards for reporting information related to student loans to consumer reporting agencies (see H.R. 5294), H9255 [4DE]

Consumers: enhance consumer rights relative to consumer report disputes by requiring credit reporting agencies to forward documentation provided by consumers to parties seeking consumers’ credit scores (see S. 1729), S3251 [5JN]

Credit: clarify Federal law relative to reporting positive consumer credit information to consumer reporting agencies (see S. 1828), S3475 [13JN] (see H.R. 4231), H7535 [6SE]

——— ensure that consumer credit reporting agencies are providing fair and accurate information reporting in consumer reports (see H.R. 5332), H9345 [6DE]

——— exclude from credit reports medical debt for medically necessary procedures, provide for a timetable for verification of medical debt, and increase efficiency of credit markets with more perfect information (see H.R. 5330), H9294 [5DE]

——— exclude from credit reports medical debt that is recently delinquent or has been paid, provide for a timetable for verification of medical debt, and increase efficiency of credit markets with more perfect information (see S. 1581), S3005 [21MY]

——— fix consumer report dispute process and ban misleading and unfair consumer reporting practices (see H.R. 3642), H5302 [9JY]

——— improve regulation of consumer reporting agencies and protect consumers (see H.R. 3821), H7149 [18JY]

——— prohibit use of consumer credit checks against prospective and current employees for the purpose of making adverse employment decisions (see H.R. 3862), H7157 [19JY]

——— prohibit use of consumer credit reports and information for most employment decisions (see H.R. 3614), H5269 [2JY]

——— prohibit use of consumer credit reports and information in making any determination involving auto insurance (see H.R. 1756), H2742 [14MR]

——— remove adverse information for certain defaulted or delinquent private education loan borrowers who demonstrate a history of loan repayment (see H.R. 3621), H5272 [5JY]

——— report identity theft transaction in credit histories of criminal defendants (see S. 2631), S5895 [17OC]

——— require consumer reporting agencies to obtain a consumer’s authorization to release certain personal information and prevent unauthorized access to consumer reports and personal information (see S. 2685), S6092 [23OC]

——— require consumer reporting agencies to provide small business credit protections by informing them of data breaches and prohibiting charging for credit reports following such breaches (see S. 84), S142 [10JA] (see H.R. 4480), H7901 [24SE]

——— require inclusion of credit scores with free annual credit reports provided to consumers (see H.R. 2753), H3841 [15MY] (see H.R. 2824), H3961 [17MY]

——— restore impaired credit of victims of predatory activities and unfair consumer reporting practices and expand access to protections for vulnerable consumers from identity theft, fraud, or a related crime (see H.R. 3622), H5272 [5JY]

Federal employees: enable Federal employees and contractors to correct their credit reports to remove adverse items of information reported as a result of a Government shutdown (see S. 535), S1384 [14FE] (see H.R. 799), H1217 [25JA]

——— prohibit consumer credit reporting agencies and lenders from taking adverse action against Federal employees and contractors impacted by the Government shutdown (see H.R. 1286), H2032 [14FE]

——— protect credit of Federal employees, contractors, and District of Columbia employees affected by a Government shutdown (see H.R. 4328), H7711 [13SE]

Remarks in House

Credit: require inclusion of credit scores with free annual credit reports provided to consumers, H4094–H4096 [22MY]

Remarks in Senate

Credit: require consumer reporting agencies to obtain a consumer’s authorization to release certain personal information and prevent unauthorized access to consumer reports and personal information (S. 2685), S6094 [23OC]

Reports filed

Clarity in Credit Score Formation Act: Committee on Financial Services (House) (H.R. 3629) (H. Rept. 116–307), H9167 [21NO]

Improving Credit Reporting for All Consumers Act: Committee on Financial Services (House) (H.R. 3642) (H. Rept. 116–363), H12297 [23DE]

Restoring Unfairly Impaired Credit and Protecting Consumers Act: Committee on Financial Services (House) (H.R. 3622) (H. Rept. 116–362), H12297 [23DE]

Restricting Credit Checks for Employment Decisions Act: Committee on Financial Services (House) (H.R. 3614) (H. Rept. 116–305), H9167 [21NO]

Student Borrower Credit Improvement Act: Committee on Financial Services (House) (H.R. 3621) (H. Rept. 116–331), H9386 [9DE]