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.