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To amend the Fair Credit Reporting Act to provide protections for active duty military consumers, and for other purposes.

USA115th CongressHR-4313| House 
| Updated: 11/8/2017
Linda T. Sánchez

Linda T. Sánchez

Democratic Representative

California

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Fair Credit Reporting for Servicemembers Act This bill amends the Fair Credit Reporting Act to: (1) specify that to be considered an active duty military consumer, a consumer must be assigned away from the usual duty station for a period of at least 90 days, and (2) allow a consumer to provide proof to a consumer reporting agency that an adverse credit report item occurred while on active duty. The bill requires a consumer reporting agency to provide an active duty military consumer's relevant active duty status on adverse credit report items. A consumer reporting agency must issue alerts to an active duty military consumer regarding negative information received about that consumer. The bill expresses the sense of Congress that users of consumer reports should take into account active duty military status when evaluating a consumer's creditworthiness.
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Timeline
Nov 8, 2017
Introduced in House
Nov 8, 2017
Referred to the House Committee on Financial Services.
  • November 8, 2017
    Introduced in House


  • November 8, 2017
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Consumer creditMilitary personnel and dependents

To amend the Fair Credit Reporting Act to provide protections for active duty military consumers, and for other purposes.

USA115th CongressHR-4313| House 
| Updated: 11/8/2017
Fair Credit Reporting for Servicemembers Act This bill amends the Fair Credit Reporting Act to: (1) specify that to be considered an active duty military consumer, a consumer must be assigned away from the usual duty station for a period of at least 90 days, and (2) allow a consumer to provide proof to a consumer reporting agency that an adverse credit report item occurred while on active duty. The bill requires a consumer reporting agency to provide an active duty military consumer's relevant active duty status on adverse credit report items. A consumer reporting agency must issue alerts to an active duty military consumer regarding negative information received about that consumer. The bill expresses the sense of Congress that users of consumer reports should take into account active duty military status when evaluating a consumer's creditworthiness.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 8, 2017
Introduced in House
Nov 8, 2017
Referred to the House Committee on Financial Services.
  • November 8, 2017
    Introduced in House


  • November 8, 2017
    Referred to the House Committee on Financial Services.
Linda T. Sánchez

Linda T. Sánchez

Democratic Representative

California

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Consumer creditMilitary personnel and dependents