H.R. 1645 · 117th Congress
Protecting Consumer Access to Credit Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
McHenrySponsorNo cosponsors.
This bill revises requirements related to credit reporting agencies and the reporting of adverse credit information.
What it does: CRS summary · Introduced in House · Mar 8, 2021
Protecting Consumer Access to Credit Act
This bill revises requirements related to credit reporting agencies and the reporting of adverse credit information.
Credit reporting agencies are prohibited from using social security numbers in credit reports and as a method of verifying a consumer's identity.
The Consumer Financial Protection Bureau must supervise and examine the cybersecurity of certain credit reporting agencies.
The bill prohibits a credit reporting agency from reporting paid, medically-necessary debt if the debt was paid over a year prior. A credit reporting agency is also prohibited from reporting certain adverse credit information related to financial abuse, unfair or fraudulent mortgage lending, or fraudulent private student lending.
The bill extends the time credit reporting agencies have to place a credit security freeze when receiving such a request by phone or through electronic means from one to three business days. It also extends the time agencies have to remove a freeze from one hour to three days.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Protecting Consumer Access to Credit Act
Latest action (Mar 8, 2021): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 8, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.