Facilitating Access to Credit Act of 2015

Summary

Facilitating Access to Credit Act of 2015 Amends the Credit Repair Organizations Act to exempt from its coverage any consumer reporting agency (or affiliate or subsidiary) described under the Fair Credit Reporting Act as: one that compiles and maintains files on consumers on a nationwide basis; or any person which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers in order to furnish consumer reports to third parties, if the person is subject to supervision and examination by the Consumer Financial Protection Bureau. Preempts state law and regulations concerning a credit repair organization to the extent they would apply to consumer reporting agencies subject to this Act. Directs the Federal Trade Commission to study whether, in addition to these persons, any other person should be exempt from the Credit Repair Organizations Act.

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Timeline

1. 14 January 2015

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 14 January 2015

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 January 2015

   Introduced

   Introduced in House

   Source: IntroReferral

4. 27 September 2016

   Committee

   Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 January 2015 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 January 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 January 2015

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 January 2015

  Open at official source

Sponsors

• ED ROYCE · R · Sponsor
• Rep. Hinojosa, Ruben [D-TX-15] · D · Sponsor
• WM. CLAY · D · Cosponsor
• Mimi Walters · R · Cosponsor
• Denny Heck · D · Cosponsor
• MICHAEL CAPUANO · D · Cosponsor
• Markwayne Mullin · R · Cosponsor
• Steve Stivers · R · Cosponsor
• Robert Pittenger · R · Cosponsor
• Pete Sessions · R · Cosponsor
• Rep. Williams, Roger [R-TX-25] · R · Cosponsor
• Stevan Pearce · R · Cosponsor
• Bill Posey · R · Cosponsor
• Ann Wagner · R · Cosponsor
• J. Hill · R · Cosponsor
• Eric Crawford · R · Cosponsor
• · hsba00 · Standing

Related records

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