Washington Report

Advocacy Updates from Washington D.C.

NAR Supports Credit Reporting Bill

On September 29, 2017, NAR sent a letter to Rep. Waters (D-CA) thanking her for reintroducing H.R. 3755, the “Comprehensive Consumer Credit Reporting Reform Act of 2017.”

The reintroduction of the bill comes in the aftermath of the major security breach at Equifax.

Specifically, the legislation enhances protections for consumers from fraud and identity theft related to the breach and addresses major flaws with the existing consumer credit reporting system by making changes that would enhance consumers’ rights, create more transparency over the consumer reporting and credit scoring process. It would also increase the accountability of credit reporting agencies, furnishers, and companies that develop credit scoring models.

Read NAR's Letter
Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.

Advertisement