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Bill116th CongressFiled Jul 9, 2019Finance and Financial Sector
H.R. 3642

Improving Credit Reporting for All Consumers Act

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Under committee review

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What it doesSummary reported to house (Dec 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.

What just happenedDec 23, 2019

Placed on the Union Calendar, Calendar No. 288.

Who’s behind it

Rep. Adams, Alma S. [D-NC-12](D-NC)Sponsor
Read on Congress.gov
1committees8actions1related bills11subjects
  1. Dec 23, 2019CalendarsH12410

    Placed on the Union Calendar, Calendar No. 288.

  2. Dec 23, 2019CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-363.

    Financial Services Committee
  3. Dec 23, 2019Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-363.

    Financial Services Committee
  4. Jul 11, 2019Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 26.

    Financial Services Committee
  5. Jul 11, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  6. Jul 9, 2019IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  7. Jul 9, 2019IntroReferralIntro-H

    Introduced in House

  8. Jul 9, 2019IntroReferral1000

    Introduced in House

Reported to HouseDec 23, 20197

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.

Introduced in HouseJul 9, 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.

Improving Credit Reporting for All Consumers Act — Informed