FIX Act

Bill: 115-s-314
Sponsor: full_name: Sen. Klobuchar, Amy [D-MN]
Introduced: 2017-02-06
Policy area: Finance and Financial Sector
Subjects: Consumer credit
Latest action: action_date: 2017-02-06
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2017-02-06
action_desc: Introduced in Senate
text: <p><b>FIX Credit Reporting Errors Act or the FIX Act</b></p> <p>This bill 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>Consumer reporting agencies are required to: (1) include all documentation provided by the consumer in the dispute notification furnished to any person who provided disputed information, and (2) consider such consumer documentation when conducting reinvestigations of disputed information. </p> <p>A consumer reporting agency that operates as reseller is required 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 115th CONGRESS 1st Session S. 314 IN THE SENATE OF THE UNITED STATES February 6, 2017 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 .