Seventy (70) organizations, led by NCLC, sent this letter opposing S.1465, the Credit Access and Inclusion Act. This legislation is touted as helping “credit invisible consumers” by adding rent and utility payment information to their credit reports. However, the actual intent of the bill is to preempt state and other federal laws that protect consumer privacy. The bill would harm consumers by:
- reducing their control over their own data;
- overriding state law protections for renters from tenant screening abuses;
- harming millions of consumers by lowering their credit scores or making it much harder to obtain rental housing, with a disproportionate impact on Black consumers; and
- conflicting with long-standing state utility regulatory consumer protections.
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