Credit Monitoring Clarification Act

Summary

Credit Monitoring Clarification Act - Amends the Credit Repair Organizations Act to cite conditions under which provision to a consumer of credit reports, credit score analysis, and assistance in a case of identity theft shall not be considered as an activity to improve a consumer's credit status, which is subject to regulation under such Act. Exempts from regulation under such Act any person (credit repair organization, or CRO) representing that it can modify or remove, or assist the consumer in modifying or removing, any information in the consumer's credit report if the CRO gives clear and conspicuous notice, before the consumer pays or agrees to pay it, that: (1) neither the consumer nor anyone else has the right to have accurate and current information removed from a credit report; and (2) the consumer has the right to dispute any inaccurate information by contacting the credit bureau directly. Requires a CRO, to qualify for this exemption from regulation, also to give the consumer, before payment or agreement to pay, a specified disclosure entitled "Your Rights Concerning Your Consumer Credit File."

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Timeline

1. 27 June 2007

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 27 June 2007

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 June 2007

   Introduced

   Introduced in House

   Source: IntroReferral

4. 31 July 2007

   Committee

   Committee on Commerce, Science, and Transportation. Hearings held. Hearings printed: S.Hrg. 110-1170.

   Source: Committee

5. 20 May 2008

   Committee

   Committee Hearings Held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 27 June 2007 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 June 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 27 June 2007

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 27 June 2007

  Open at official source

Sponsors

• Rep. Kanjorski, Paul E. [D-PA-11] · D · Sponsor
• ED ROYCE · R · Sponsor
• Tom Price · R · Sponsor
• Rep. Bachus, Spencer [R-AL-6] · R · Sponsor
• Rep. Bean, Melissa L. [D-IL-8] · D · Sponsor
• Rep. Brown-Waite, Ginny [R-FL-5] · R · Sponsor
• David Scott · D · Sponsor
• Pete Sessions · R · Sponsor
• Rep. Campbell, John [R-CA-45] · R · Sponsor
• Jeb Hensarling · R · Cosponsor
• Rep. Gallegly, Elton [R-CA-21] · R · Cosponsor
• WM. CLAY · D · Cosponsor
• Rep. Moore, Dennis [D-KS-3] · D · Cosponsor
• Kenny Marchant · R · Cosponsor
• Rep. Hooley, Darlene [D-OR-5] · D · Cosponsor
• Rep. Feeney, Tom [R-FL-24] · R · Cosponsor
• WALTER JONES · R · Cosponsor
• Rep. Mahoney, Tim [D-FL-16] · D · Cosponsor
• Rep. Biggert, Judy [R-IL-13] · R · Cosponsor
• Rep. Castle, Michael N. [R-DE-At Large] · R · Cosponsor
• Peter Roskam · R · Cosponsor
• Rep. Barrett, J. Gresham [R-SC-3] · R · Cosponsor
• Rep. Bilbray, Brian P. [R-CA-50] · R · Cosponsor
• Rep. Sali, Bill [R-ID-1] · R · Cosponsor
• Trent Franks · R · Cosponsor
• Tim Walberg · R · Cosponsor
• Rep. Bachmann, Michele [R-MN-6] · R · Cosponsor
• Patrick McHenry · R · Cosponsor
• Rep. Hinojosa, Ruben [D-TX-15] · D · Cosponsor
• · hsba00 · Standing
• · sscm00 · Standing

Related records

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