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Credit Reporting Agencies Proposed Legislation

Troutman Pepper

California Attorney General Sponsors Bill Banning Credit Reporting of Medical Debt

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On April 2, the California Senate Judicial Committee passed Senate Bill 1061. The bill seeks to prevent health care providers and contracted collection agencies from providing information about patients’ medical debt to...more

Ballard Spahr LLP

New York Governor’s Proposed TED Bill Includes Sweeping BNPL Legislation

Ballard Spahr LLP on

After promising earlier this year to “establish nation-leading regulations for the Buy Now Pay Later loan industry,” New York Governor Kathy Hochul took a significant first step in that direction by including Buy Now Pay...more

Troutman Pepper

Proposed Legislation Would Allow Furnishing Utility and Phone Bills to Credit Reporting Agencies

Troutman Pepper on

On September 26, Representative French Hill (R-AR) introduced new legislation, H.R. 8985, also known as the Credit Access and Inclusion Act of 2022, to amend the Fair Credit Reporting Act and allow payment information for...more

Brownstein Hyatt Farber Schreck

Government Focus on Medical Debt and Credit Reporting Could Impact Various Industries

White House Activity Surrounding Medical Debt   - On April 11, 2022, the White House announced plans in line with a recent government focus on medical debt and credit reporting that could impact medical providers, the...more

Jackson Lewis P.C.

Florida Data Privacy Bill

Jackson Lewis P.C. on

Florida may soon join the growing number of states that have enacted comprehensive consumer privacy legislation. Backed by Governor Ron DeSantis, Florida House Bill 969 (HB 969) would create new obligations for covered...more

Epstein Becker & Green

House Passes Bill Restricting Employer Credit Checks

Epstein Becker & Green on

On January 29, 2020, the House of Representatives passed the Comprehensive CREDIT Act of 2020 (the “Act”), which would change federal laws pertaining to consumer reporting agencies and credit checks in a number of ways....more

Womble Bond Dickinson

Senators Rubio and Kennedy Introduce the Small Business Credit Protection Act

Womble Bond Dickinson on

This week, Senators John Kennedy of Louisiana and Marco Rubio of Florida unveiled the Small Business Credit Protection Act. If passed, the legislation would require credit bureaus to notify small businesses of nonpublic...more

Ballard Spahr LLP

Proposed Credit Reporting Changes Pass House With Mixed Reviews

Ballard Spahr LLP on

Consumer advocacy groups are questioning the purported benefits of H.R. 435 the “Credit Access and Inclusion Act of 2017,” a bill that passed with bipartisan support in the House of Representatives in June, and is currently...more

Bradley Arant Boult Cummings LLP

Will Congress Upend Credit Reporting Agencies’ Cybersecurity Regulation in Light of Recent Data Breach?

Senators Elizabeth Warren (D-Mass.) and Mark Warner (D-Va.) introduced the Data Breach Prevention and Compensation Act on January 10, 2018 in an effort to increase accountability of large Credit Reporting Agencies (CRAs) for...more

Patterson Belknap Webb & Tyler LLP

Equifax Must Turn Over NY Breach Data This Week

New York State regulators won’t be letting Equifax, Inc. off-the-hook any time soon for last year’s massive data breach that affected more than 145 million Americans....more

Cadwalader, Wickersham & Taft LLP

States Respond to Equifax Cyber Breach with Enforcement Actions and Calls for Enhanced Regulatory Powers

In the wake of last month’s historic cyber breach of Equifax, which resulted in the theft of sensitive personal information belonging to over 140 million Americans, states have wasted no time in seeking a greater role in...more

McGuireWoods LLP

Proposed Amendments to Fair Credit Reporting Act

McGuireWoods LLP on

Two new bills affecting credit reporting and the use of credit reports for employment purposes are working their way through Congress. If passed, the bills would amend the Fair Credit Reporting Act (FCRA). The first, The...more

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