Credit Reporting & Scores Archives

Consumer and Faith Groups to CFPB Director: Stop Letting Industry Violate the Fair Credit Reporting Act

September 24, 2020

For Immediate Release: September 24, 2020 550% increase in credit reporting complaints to CFPB in the past six months Washington, D.C. – A coalition of 21 consumer, faith, and advocacy groups sent a letter today to Consumer Financial Protection Bureau Director Kathy Kraninger urging her to revoke the permission that the Bureau granted the credit…

Salt in the Wound: How Eviction Records and Back Rent Haunt Tenant Screening Reports and Credit Scores

August 1, 2020

Before the COVID-19 crisis, 20.8 million American renter households–47% of all renter households–were already burdened with housing costs that threatened their financial security. Since the onset of the crisis in the United States, over 44 million Americans have filed for unemployment. Over 20 million people live in renter households experiencing job loss related to COVID-19.…

National Consumer Law Center Advocates’ Statement Regarding U.S. House Passage of HEROES Act

May 15, 2020

Washington, D.C. – Today, the U.S. House passed a $3 trillion dollar package in response to the COVID-19 crisis. In the consumer area, the bill provides desperately needed help for families dealing with the economic crisis, beyond the modest start in the previous CARES Act. In particular, the HEROES Act, HR 6800: Provides immensely needed…

Letter Supporting the Medical Debt Relief Act

May 11, 2020

Group Letter urging inclusion of S1581/HR 6470: the Medical Debt Relief Act of 2019 in the next COVID-19 relief package

National Consumer Law Center Advocate Slams Trump Administration Credit Reporting Guidance for Giving Relief to Creditors and Credit Bureaus But Not Consumers During COVID-19 Pandemic

April 1, 2020

Boston – Today, the Consumer Financial Protection Bureau issued a policy guidance outlining the “responsibilities” of credit bureaus and furnishers (i.e., creditors and debt collectors) during the COVID-19 pandemic. The following is a statement in response from Chi Chi Wu, staff attorney at the National Consumer Law Center: “The Consumer Financial Protection Bureau (CFPB) utterly…

Senate COVID-19 Stimulus Bill is a Start but Falls Far Short for Families, Students, and the Nation’s Most Vulnerable

March 26, 2020

Washington, D.C. – Late yesterday, the U.S. Senate passed a $2 trillion stimulus bill to assist businesses and families in the wake of the COVID-19 crisis. The package includes some helpful aid but it falls short in several critical consumer protection areas. “While the Senate package contains some first steps to relieve the economic crisis,…

Advocates Applaud Halt to Foreclosures and Bills to Stabilize Homeownership and Protect Credit Reports but Highlight Need for Further Relief During Pandemic

March 19, 2020

Boston – National Consumer Law Center advocates praised recent measures taken by the federal government to help homeowners remain in their homes and to protect their credit scores but said more needs to be done. The foreclosure relief announced yesterday in response to the COVID-19 pandemic by the Federal Housing Administration (FHA) and the Federal…

Consumer Advocates Praise Passage of Landmark Bill in U.S. House to Reform Credit Reporting Industry

January 30, 2020

Boston – National Consumer Law Center advocates (NCLC) applaud last night’s passage of the Comprehensive CREDIT (Credit Reporting Enhancement, Disclosure, Innovation, and Transparency) Act of 2020 (H.R. 3621) by the U.S. House of Representatives. “For too many years, indeed decades, the Big Three credit bureaus – Equifax, Experian and TransUnion – have used and abused…

Report: Rampant Errors on Criminal Background Check Reports Are Still Preventing Consumers from Securing Jobs and Housing

December 9, 2019

Report: Rampant Errors on Criminal Background Check Reports Are Still Preventing Consumers from Securing Jobs and Housing National Consumer Law Center Urges Federal and State Action to Stop Faulty Criminal Background Check Reports and Hold Background Screening Companies Accountable; FTC/CFPB to Host Accuracy in Consumer Reporting workshop on Tue., Dec. 10 Download the National Consumer…

Consumer and Civil Rights Advocates Condemn Credit Bureaus for Suing Over Language Access Law

October 21, 2019

WASHINGTON – On Thursday, the Consumer Data Industry Association (CDIA) sued the State of New Jersey over its new law requiring credit reports to be provided in Spanish and 10 other languages, claiming the law is preempted and a violation of the First Amendment. CDIA is a trade association for the credit reporting industry, the…

Legal Experts Decry Credit Bureaus’ Lawsuit to Invalidate Maine Laws Protecting Consumers from Medical Debt and Economic Abuse

October 4, 2019

Boston – Last week, the Consumer Data Industry Association (CDIA) sued the State of Maine over two laws recently passed to protect consumers from unfair credit reporting practices. CDIA is a trade association for the credit reporting industry, the biggest players, which are Equifax, Experian and TransUnion. The first Maine law helps consumers who are…

Statement Regarding Credit Report/Score Requirement in DHS Public Charge Regulation

August 12, 2019

FOR IMMEDIATE RELEASE: August 12. 2019 National Consumer Law Center contact: Chi Chi Wu ([email protected]) or (617) 542-8010 Statement Regarding Credit Report/Score Requirement in DHS Public Charge Regulation Boston – Today, the Department of Homeland Security (DHS) released a regulation that greatly expands what will be considered in determining whether an immigrant is considered a…

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