Expenses for life-saving or medically necessary care are often unexpected, and can throw a family into an immediate financial crisis. This crisis is compounded when families cannot pay for these surprise expenses and the debt is reported to credit bureaus. The blemishes on a credit report (which employers and landlords as well as creditors may…
Read More about Don't Add Insult to Injury: Medical Debt & Credit Reports
Testimony of Chi Chi Wu, National Consumer Law Center Before the U.S. House of Representatives Committee on Financial Services regarding “A Biased, Broken System: Examining Proposals to Overhaul Credit Reporting to Achieve Equity”
Testimony before the U.S. House of Representatives Committee on Financial Services Subcommitee on Oversight and Investigations
Read More about Testimony on Consumer Credit Reporting: Assessing Accuracy and Compliance
Testimony before the COMMITTEE ON FINANCIAL SERVICES SUBCOMMITTEE ON FINANCIAL INSTITUTIONS AND CONSUMER CREDIT regarding “Fair Credit Reporting Act: How it Functions for Consumers and the Economy”
Consumer, civil rights, faith, labor, nonprofit, community, human rights, and advocacy organizations express support for Section 110401 of the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act.
Read More about Support letter for Credit Reporting Provisions of the HEROES Act/S.3508
Consumer organizations call upon the Consumer Financial Protection Bureau to rescind a portion of its April 1, 2020 guidance entitled “Statement on Supervisory and Enforcement Practices Regarding the Fair Credit Reporting Act and Regulation V in Light of the CARES Act.” We urge you to rescind that portion of the April 1 guidance permitting consumer…
The undersigned 143 organizations urge CFPB to take aggressive actions to protect the credit records of renters who have struggled financially due to the COVID-19 pandemic. In particular, we urge you to prohibit debt collectors from reporting rent arrears debt to the nationwide consumer reporting agencies (CRAs), i.e., Equifax, Experian, and TransUnion, if the rent…
Artificial intelligence (AI) and machine learning (ML) are changing the landscape of decision making at financial institutions and playing an increasingly larger role in determining the types of products and services a customer is offered or denied. The growing use of AI and ML has important consumer protection and fair lending implications for the entire…
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