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Improving Credit Reporting for All Consumers Act

Introduced: July 9, 2019 Introduced by: Adams, Alma S. Democratic · North Carolina See on congress.gov
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 23, 2019
Placed on the Union Calendar, Calendar No. 288.
Dec 23, 2019
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-363.
Jul 11, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 26.
Jul 11, 2019
Committee Consideration and Mark-up Session Held.
Jul 9, 2019
Referred to the House Committee on Financial Services.
Jul 9, 2019
Introduced in House
 Plain-English summary Congressional Research Service

Improving Credit Reporting for All Consumers Act

This bill generally modifies requirements related to consumer credit reporting. Specifically, it revises the dispute process for consumers challenging information contained on their credit report, establishes an appeals process for disputed information, and establishes the right to injunctive relief.

The bill also requires additional disclosures from credit reporting agencies and furnishers of credit information, prohibits automatic renewals for promotional consumer credit products and services, and makes other related changes.

Additionally, the bill directs the Consumer Financial Protection Bureau to issue rules under this bill, including rules to provide for (1) accuracy and completeness in credit reports; (2) access to consumer reporting information for nonnative English speakers, the visually impaired, and the hearing impaired; and (3) the registration of consumer reporting agencies.

What's happening now December 23, 2019

Placed on the Union Calendar, Calendar No. 288.

 Committees of jurisdiction 1