After two years of persistent inflation and economic uncertainty, consumers have adopted a range of conservative attitudes across consumer products and services.
WASHINGTON, DC – Today, Congressman Scott Fitzgerald (WI-05), Congressman Brad Sherman (CA-32), Congressman Juan Vargas (CA-52), and Congresswoman Young Kim (CA-39) co-introduced the Expanding Access to Lending Options Act. This bill would expand credit options for Americans by giving credit unions the flexibility to offer longer loan terms and lower monthly payments, thus creating greater competition for lending products including small business, student, and agricultural loans.
In November 2023, S.B. 668 was introduced in the Wisconsin Senate. S.B. 668 would make sweeping changes to the state laws governing financial service providers.
The Consumer Financial Protection Bureau is issuing this advisory opinion to address certain obligations that consumer reporting agencies have under section 609(a) of the Fair Credit Reporting Act (FCRA).
The Consumer Financial Protection Bureau is issuing this advisory opinion to affirm that, when preparing consumer reports, a consumer reporting agency that reports public record information is not using reasonable procedures to assure maximum possible accuracy under section 607(b) of the Fair Credit Reporting Act (FCRA) if it does not have procedures in place that: (1) prevent reporting information that is duplicative or that has been expunged, sealed, or otherwise legally restricted from public access; and (2) include any existing disposition information if it reports arrests, criminal charges, eviction proceedings, or other court filings.
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