H.R. 5402, the Credit Access and Inclusion Act, is touted as helping consumers build credit by including rent and utility payment history, but in reality it preempts state and other federal laws that give consumers control over their personal information and harms consumers struggling to afford high utility bills or obtain affordable rental housing.
The undersigned 70 consumer, housing, civil rights, utility rights, and advocacy groups write to you to express opposition to the Credit Access and Inclusion Act (Kim). This legislation, if enacted, would harm consumers by:
- reducing consumers’ control over their own data by preempting state and federal privacy protections;
- 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
See all resources related to: Consumer Protection Regulation, Credit Reporting & Data Fairness