Fri February 21st, 2020
Sponsor: Rep. Josh Gottheimer — D — NJ
Requires the Consumer Financial Protection Bureau (CFPB) to issue rules that impose new requirements on consumer reporting agencies (CRAs) and entities that furnish information to CRAs, requires the CFPB to hire a credit reporting ombudsman to coordinate bureau activity regarding CRAs, imposes private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) by placing new requirements on CRAs, financial institutions, and entities that furnish information to CRAs, and imposes intergovernmental mandates as defined in UMRA by requiring users of consumer reports to notify CRAs of adverse actions taken against a consumer.
Don't be sad- we've got your back. Just enter your email below and instructions on resetting your password will be sent to you.×