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Improving Credit Reporting for All Consumers Act

USA117th CongressHR-4113| House 
| Updated: 6/24/2021
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.
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Timeline

Bill from Previous Congress

HR 116-3642
Improving Credit Reporting for All Consumers Act
Jun 24, 2021
Introduced in House
Jun 24, 2021
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-3642
    Improving Credit Reporting for All Consumers Act


  • June 24, 2021
    Introduced in House


  • June 24, 2021
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • HR 117-4120: Comprehensive CREDIT Act of 2021

Improving Credit Reporting for All Consumers Act

USA117th CongressHR-4113| House 
| Updated: 6/24/2021
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.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 116-3642
Improving Credit Reporting for All Consumers Act
Jun 24, 2021
Introduced in House
Jun 24, 2021
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-3642
    Improving Credit Reporting for All Consumers Act


  • June 24, 2021
    Introduced in House


  • June 24, 2021
    Referred to the House Committee on Financial Services.
Alma S. Adams

Alma S. Adams

Democratic Representative

North Carolina

Financial Services Committee

Finance and Financial Sector

Related Bills

  • HR 117-4120: Comprehensive CREDIT Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted