FIX Act

Bill: 114-s-1234
Sponsor: full_name: Sen. Klobuchar, Amy [D-MN]
Introduced: 2015-05-06
Policy area: Finance and Financial Sector
Subjects: Consumer credit
Latest action: action_date: 2015-05-06
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2015-05-06
action_desc: Introduced in Senate
text: <p><b>FIX Credit Reporting Errors Act or the FIX Act</b></p> <p> Amends the Fair Credit Reporting Act with respect to the procedures followed by consumer reporting agencies when a consumer disputes the completeness or accuracy of information contained in the consumer's credit report.</p> <p>Requires consumer reporting agencies to: (1) expand the dispute notification furnished to any person who provided disputed information to include all documentation provided by the consumer, and (2) consider such consumer documentation when conducting reinvestigations of disputed information. </p> <p>Directs a consumer reporting agency that operates as reseller, if it receives notice from a consumer of a dispute concerning a report that the reseller produced but the reseller determines that the information is not incomplete or inaccurate as a result of an act or omission of the reseller, to convey the notice of the dispute, together with all relevant information and documentation provided by the consumer, to each consumer reporting agency that provided the reseller with the information that is the subject of the dispute.</p>

tv_txt: II 114th CONGRESS 1st Session S. 1234 IN THE SENATE OF THE UNITED STATES May 6, 2015 Ms. Klobuchar (for herself and Mr. Daines ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To enhance consumer rights relating to consumer report disputes by requiring provision of documentation provided by consumers.

1. Short title This Act may be cited as the FIX Credit Reporting Errors Act or the FIX Act . 2. Provision of documentation provided by consumers Section 611 of the Fair Credit Reporting Act ( 15 U.S.C. 1681i ) is amended— (1) in subsection (a)— (A) in paragraph (2)— (i) in subparagraph (A), by inserting , including documentation provided by the consumer, after relevant information ; and (ii) in subparagraph (B), by inserting , including documentation provided by the consumer, after relevant information ; and (B) in paragraph (4), by inserting , including documentation, after relevant information ; and (2) in subsection (f)(2)(B)(ii), by inserting , including documentation, after relevant information .