HR 769 112th Congress House Finance and Financial Sector Bankruptcy Business records Consumer affairs Consumer credit Government studies and investigations

Fair Access to Credit Scores Act of 2011

Introduced: February 17, 2011 Introduced by: Cohen, Steve Democratic · Tennessee See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 4, 2011

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Feb 17, 2011

Referred to the House Committee on Financial Services.

Feb 17, 2011

Introduced in House

Plain-English summary Congressional Research Service

Fair Access to Credit Scores Act of 2011 - Amends the Fair Credit Reporting Act to require consumer reporting agencies to disclose any information in the consumer's file concerning credit scores or other related risk scores or predictors when the consumer requests a free annual disclosure (credit report).

Requires all consumer reporting agencies to maintain information in the consumer's file concerning such scores or predictors for at least one year from the date on which such information is placed in the file.

Directs the Comptroller General to study bankruptcy risk scores used by consumer reporting agencies, including an analysis of: (1) the factors used to determine such scores; (2) how bankruptcy risk scores impact the ability of consumers to receive loans; and (3) actions that consumers can take to improve such scores.

What's happening now April 4, 2011

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Committees of jurisdiction 2