Search Results for keywords:"fair credit reporting act"

Search Results: keywords:"fair credit reporting act"

H. R. 9830 — To amend the Fair Credit Reporting Act to prohibit consumer reporting agencies from furnishing consumer reports containing adverse items of information about a consumer that resulted from that consumer being unlawfully or wrongfully detained abroad or held hostage abroad.
September 25, 2024
Status:Introduced in House
Congress:118
Words:593
H.R. 9830, titled the “Fair Credit for American Hostages Act,” proposes changes to the Fair Credit Reporting Act. It aims to prevent credit reporting agencies from including negative information in credit reports that result from a person being unlawfully or wrongfully...
Simple Explanation
H.R. 9830 wants to make sure that if someone is unfairly kept in another country, the bad things that happen to them there, like missing bills, don't make their credit look bad back home. This means credit agencies can't tell others about these bad things if they happened when the person wasn't at fault.
S. 3459 — To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for attorney fees and costs in connection with consumer claim awards.
December 11, 2023
Status:Introduced in Senate
Congress:118
Words:771
The bill S. 3459 seeks to amend the Internal Revenue Code of 1986 to allow people to deduct attorney fees and court costs from their taxable income if they win consumer claim awards. It defines what a "consumer protection violation" is by listing laws that protect consumers,...
Simple Explanation
The bill wants to change the tax rules so that if someone wins money in a case about being treated unfairly as a shopper, they can pay their lawyer and other costs before counting the money they won as something they have to pay taxes on.
H. R. 9890 — To amend the Fair Credit Reporting Act to require reporting certain positive consumer credit information, and for other purposes.
October 01, 2024
Status:Introduced in House
Congress:118
Words:608
H.R. 9890 proposes an amendment to the Fair Credit Reporting Act aimed at allowing medical debt payments to be reported positively in consumer credit reports. It specifies that medical debts can be reported if they are paid or settled, and allows information related to medical debt payment...
Simple Explanation
H.R. 9890 is a plan to make sure that when people pay off their medical bills, it helps their credit scores. This means showing that paying these bills on time can be a good thing for how lenders see them, kind of like getting a gold star for doing their chores.
S. 3502 — To amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.
December 13, 2023
Status:Introduced in Senate
Congress:118
Words:520
S. 3502 aims to amend the Fair Credit Reporting Act to impose new restrictions on how consumer reporting agencies share consumer credit reports. It prevents these agencies from providing credit reports to third parties when a report is requested for a residential mortgage...
Simple Explanation
S. 3502 is a new rule that says companies that check people's credit scores must get permission before sharing reports, especially when someone is trying to buy a house. This is like making sure they get a "yes" from the person before telling others about their grades.
H. R. 8143 — To establish requirements relating to credit scores and educational credit scores, and for other purposes.
April 29, 2024
Status:Introduced in House
Congress:118
Words:6,050
H.R. 8143, known as the "Free Credit Scores for Consumers Act of 2024," aims to improve transparency and accessibility regarding credit scores for consumers. The bill mandates that consumer reporting agencies provide free credit scores and educational credit scores alongside...
Simple Explanation
H.R. 8143 is a bill that would make sure people can see their credit scores for free, teaching them what these scores mean and how to make them better, so they understand their credit better without having to pay extra money.
S. 5543 — To amend the Fair Credit Reporting Act to prohibit consumer reporting agencies from furnishing consumer reports containing adverse items of information about a consumer that resulted from that consumer being unlawfully or wrongfully detained abroad or held hostage abroad.
December 16, 2024
Status:Considered and Passed Senate
Congress:118
Words:599
S. 5543 aims to change the Fair Credit Reporting Act to protect individuals unlawfully or wrongfully detained abroad or taken hostage by ensuring that negative information from that period isn't included in their credit reports. The bill specifies that such individuals,...
Simple Explanation
S. 5543 is a rule to help people who were unfairly put in jail or held by bad guys in another country. It stops bad news from that time from showing up on their credit report, which is like a report card for money.
H. R. 7515 — To amend the Fair Credit Reporting Act to delay the inclusion in consumer credit reports and to establish requirements for debt collectors with respect to medical debt information of Native Americans due to inappropriate or delayed billing payments or reimbursements from the Indian Health Service, and for other purposes.
March 01, 2024
Status:Introduced in House
Congress:118
Words:830
H.R. 7515, also known as the “Protecting Native Americans’ Credit Act of 2024,” aims to modify the Fair Credit Reporting Act to address issues related to medical debt for Native Americans. The bill proposes to delay including this type of debt in consumer credit reports,...
Simple Explanation
H.R. 7515 is a plan to help Native Americans by making sure mistakes with their medical bills don't show up on their credit reports too soon, which could happen if payments from the Indian Health Service are late. It also says that if bills are wrong or get paid, they shouldn't be counted against them on reports either.
S. 5543 — An Act To amend the Fair Credit Reporting Act to prohibit consumer reporting agencies from furnishing consumer reports containing adverse items of information about a consumer that resulted from that consumer being unlawfully or wrongfully detained abroad or held hostage abroad.
December 16, 2024
Status:Engrossed in Senate
Congress:118
Words:572
S. 5543 aims to ensure fair credit reports for U.S. nationals who have been unlawfully or wrongfully detained abroad or held hostage. It amends the Fair Credit Reporting Act to prohibit consumer reporting agencies from including negative information in a consumer's report if...
Simple Explanation
S. 5543 is a bill that helps people have better credit scores if they got into money problems while being unfairly locked up in another country. It makes sure that the report about their money problems doesn't say bad things about them because of that situation.
S. 3502 — An Act To amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.
December 17, 2024
Status:Engrossed in Senate
Congress:118
Words:558
S. 3502, titled the “Homebuyers Privacy Protection Act,” aims to amend the Fair Credit Reporting Act. The bill seeks to limit consumer reporting agencies from sharing consumer credit reports when requested for transactions involving residential mortgage loans. Under this...
Simple Explanation
The "Homebuyers Privacy Protection Act" is a plan to change the rules so that companies can't share people's credit information when they are buying a house unless they're allowed by the person or already helping with the house's money. This rule is meant to keep personal money details safe and starts working 90 days after it becomes a law.
S. 1316 — An Act To amend the Fair Credit Reporting Act to expand the definition of an active duty military consumer for purposes of certain credit monitoring requirements, and for other purposes.
November 13, 2024
Status:Engrossed in Senate
Congress:118
Words:304
S. 1316 aims to amend the Fair Credit Reporting Act by changing the definition of a consumer in the military for credit monitoring purposes. Instead of just "active duty military consumer," it will now include any individual identified as an "armed forces member consumer,"...
Simple Explanation
This bill changes who gets special credit check help from just soldiers on active duty to all military members, so more of them can be protected when banks look at their credit.
H. R. 7857 — To require the Director of the Federal Housing Finance Agency to issue a rule to condition the purchase of a residential mortgage loan on the delivery of credit reports and credit scores from each consumer reporting agency that compiles and maintains files on consumers on a nationwide basis, and for other purposes.
April 02, 2024
Status:Introduced in House
Congress:118
Words:609
H.R. 7857, also known as the “Accurate Credit Reporting for Homebuyers Act,” aims to improve the process of buying houses by ensuring accurate credit information is considered. It requires the Director of the Federal Housing Finance Agency to issue a rule that conditions the...
Simple Explanation
H.R. 7857 is a rule that wants to help people buying houses by making sure all the right credit info is used, just like checking all your grades before getting a prize. It asks big companies to collect a credit report and score from every big credit agency before you can get a mortgage to buy a home, so everything is fair and correct.
S. 4916 — To amend the Fair Credit Reporting Act to address the placement of security freezes for protected consumers, and for other purposes.
July 31, 2024
Status:Introduced in Senate
Congress:118
Words:685
S. 4916, known as the “Credit Freeze for Newborns Act,” aims to amend the Fair Credit Reporting Act. It allows the representatives of young consumers, specifically those under 16, to request a security freeze on their behalf with consumer reporting agencies, ensuring...
Simple Explanation
The "Credit Freeze for Newborns Act" is like a superpower shield that grown-ups can put on kids' credit, stopping bad guys from using their information to do naughty stuff. It's like telling kids, "Don't worry, some grown-ups will keep your secret codes safe!"
H. R. 7297 — To amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.
February 07, 2024
Status:Introduced in House
Congress:118
Words:556
H. R. 7297, known as the "Homebuyers Privacy Protection Act," aims to amend the Fair Credit Reporting Act to restrict circumstances under which consumer reporting agencies can provide consumer reports. Specifically, the bill prohibits these agencies from sharing consumer...
Simple Explanation
The bill wants to make sure that companies who check people's credit scores can only share this information in certain situations, like when the person agrees or when it's really important for someone helping with their mortgage.
S. 4455 — To amend the Fair Credit Reporting Act to prohibit consumer reporting agencies from furnishing consumer reports containing adverse items of information about a consumer that resulted from that consumer being unlawfully or wrongfully detained abroad or held hostage abroad.
June 04, 2024
Status:Introduced in Senate
Congress:118
Words:748
S. 4455 aims to change the Fair Credit Reporting Act by stopping credit agencies from including bad credit information about U.S. nationals who have been unlawfully detained or taken hostage abroad. It requires consumer reporting agencies to remove any adverse items from the...
Simple Explanation
S. 4455 wants to help people who got into trouble because they were kept or trapped in another country by making sure their bad credit information isn’t shown by credit companies if they can prove what happened. This means if they have papers showing their hardship, credit companies must take away the bad reports about them.

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