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Improving Credit Reporting for All Consumers Act

USA116th CongressHR-3642| House 
| Updated: 12/23/2019
Alma S. Adams

Alma S. Adams

Democratic Representative

North Carolina

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.

Bill Text Versions

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Timeline
Jul 9, 2019
Introduced in House
Jul 9, 2019
Referred to the House Committee on Financial Services.
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.
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.
  • July 9, 2019
    Introduced in House


  • July 9, 2019
    Referred to the House Committee on Financial Services.


  • July 11, 2019
    Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 26.


  • July 11, 2019
    Committee Consideration and Mark-up Session Held.


  • December 23, 2019
    Placed on the Union Calendar, Calendar No. 288.


  • December 23, 2019
    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-363.

Finance and Financial Sector

Related Bills

  • HR 116-3621: Comprehensive Credit Reporting Enhancement, Disclosure, Innovation, and Transparency Act of 2020
Administrative law and regulatory proceduresBusiness recordsCivil actions and liabilityConsumer affairsConsumer creditConsumer Financial Protection BureauForeign language and bilingual programsGovernment information and archivesHearing, speech, and vision careLicensing and registrationsMarketing and advertising

Improving Credit Reporting for All Consumers Act

USA116th CongressHR-3642| House 
| Updated: 12/23/2019
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.

Bill Text Versions

View Text
2 versions available

Suggested Questions

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

Timeline
Jul 9, 2019
Introduced in House
Jul 9, 2019
Referred to the House Committee on Financial Services.
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.
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.
  • July 9, 2019
    Introduced in House


  • July 9, 2019
    Referred to the House Committee on Financial Services.


  • July 11, 2019
    Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 26.


  • July 11, 2019
    Committee Consideration and Mark-up Session Held.


  • December 23, 2019
    Placed on the Union Calendar, Calendar No. 288.


  • December 23, 2019
    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-363.
Alma S. Adams

Alma S. Adams

Democratic Representative

North Carolina

Financial Services Committee

Finance and Financial Sector

Related Bills

  • HR 116-3621: Comprehensive Credit Reporting Enhancement, Disclosure, Innovation, and Transparency Act of 2020
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresBusiness recordsCivil actions and liabilityConsumer affairsConsumer creditConsumer Financial Protection BureauForeign language and bilingual programsGovernment information and archivesHearing, speech, and vision careLicensing and registrationsMarketing and advertising