The National Consumer Law Center urges the Consumer Financial Protection Bureau (CFPB) to address how forced arbitration clauses in credit monitoring contracts are being used by consumer reporting agencies (CRAs) to compel arbitration of Fair Credit Reporting Act lawsuits. NCLC urges the CFPB to address this issue in its forthcoming FCRA rulemaking by prohibiting the…
Comments to the FTC-CFPB Tenant Screening Request for Information Submitted with the Center for Survivor Agency and Justice
The National Consumer Law Center, on behalf of its low-income clients, joined the Center for Survivor Agency and Justice in submitting comments to the CFPB and FTC on tenant screening practices that specifically harm survivors of intimate partner violence.
NCLC Comments to FHFA Regarding Representative Credit Scores for Bi-Merge Reports and Credit Invisibles
NCLC comments on two provisions of the Federal Housing Finance Agency’s proposed rule that would amend the Enterprise Regulatory Capital Framework for Fannie Mae and Freddie Mac. The comments express support for 1. A proposal to use an average of borrowers’ two credit scores as the representative credit score for single-family mortgages instead of the…
Petition for Rulemaking at CFPB Regarding Debt Collector Furnishing, Language Access, Credit Reporting Ombudsperson Office
Petition for rulemaking asking the CFPB to address the following issues as part of an upcoming Fair Credit Reporting Act rulemaking: strict requirements for debt collectors in furnishing information to credit reports; translation of credit reports for limited English proficient consumers and; creating an Ombuds office for credit reporting.
The undersigned organizations express opposition to H.R. 1165, The Data Privacy Act of 2023, scheduled for mark-up in Committee this Tuesday, February 28.
Coalition letter asking asking CFPB, OCC, FHFA, FHA, FDIC, NCUA and FRB to encourage lenders to refrain from reporting negative information to the Big Three credit bureaus for consumers impacted by Hurricanes Fiona and Ian, or at a minimum, to follow the credit reporting provisions of the CARES Act for these consumers.