Comprehensive CREDIT Act of 2021

Summary

Comprehensive Credit Reporting Enhancement, Disclosure, Innovation, and Transparency Act of 2021 or the Comprehensive CREDIT Act of 2021 This bill provides for additional consumer credit protections, sets forth requirements for credit reporting agencies, and prohibits the inclusion of specified information on credit reports. The bill revises the dispute process for consumers challenging information contained on their credit report, including by establishing an appeals process for disputed credit information. The bill also establishes the right for courts to award injunctive relief to require compliance with consumer credit laws. Credit reporting agencies must provide (1) free credit scores to consumers along with their free annual credit reports, and (2) additional information regarding the calculation of their credit score. Furthermore, specified lenders must give consumers free copies of consumer reports or credit scores used for making underwriting decisions before consumers sign the respective loan agreements. Additionally, the bill generally revises the information included on a credit report, including by limiting the inclusion of certain medical debt. The bill also expands consumer credit protections applicable to servicemembers and victims of fraud.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 24 June 2021

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 24 June 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 June 2021

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 24 June 2021 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 24 June 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 24 June 2021

  ViewDownloadOpen at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House

  summary · EN · 24 June 2021

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Pressley, Ayanna [D-MA-7] · D · Sponsor
• Rep. Huffman, Jared [D-CA-2] · D · Cosponsor
• · hsba00 · Standing

Related records

• related to → Fair Credit Reporting for Servicemembers Act
• related to → Free Credit Scores for Consumers Act of 2021
• related to → Restricting Credit Checks for Employment Decisions Act
• related to ← Student Borrower Credit Improvement Act
• related to ← Restoring Unfairly Impaired Credit and Protecting Consumers Act
• related to ← Clarity in Credit Score Formation Act of 2021
• related to ← Improving Credit Reporting for All Consumers Act