Americans Offered Free Weekly Credit Reports for One Year Due to COVID-19

Written By ESR News Blog Editor Thomas Ahearn On April 20, 2020, the three national credit reporting agencies in the United States – Equifax, Experian, and TransUnion – in a joint action announced they are offering free weekly credit reports to Americans for the next year to help them protect their financial health during the …

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Bill Restricting Credit Checks by Employers in U.S. Senate after Passing House

Written By ESR News Blog Editor Thomas Ahearn On January 29, 2020, the U.S. House of Representatives passed a legislative package to overhaul the nation’s credit reporting system called the “Comprehensive CREDIT (Credit Reporting Enhancement, Disclosure, Innovation, and Transparency) Act of 2020” (H.R. 3621) that included the “Restricting Use of Credit Checks for Employment Decisions …

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CFPB and FTC to Host Public Workshop to Discuss Accuracy of Credit Reports and Background Checks

Written By ESR News Blog Editor Thomas Ahearn The Consumer Financial Protection Bureau (CFPB) – the agency enforcing federal consumer financial law – has announced that the CFPB will host a public workshop with the Federal Trade Commission (FTC) to discuss issues affecting the accuracy of credit reports and background checks on December 10, 2019.  …

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Bill to Restrict Use of Credit Checks by Employers Passed by House Financial Services Committee

Written By ESR News Blog Editor Thomas Ahearn On July 11, 2019, the U.S. House Committee on Financial Services – which oversees the nation’s housing and financial services sectors – passed “H.R. 3614, the Restricting Use of Credit Checks for Employment Decisions Act” which will ban the use of credit information for most employment decisions …

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