ACA members provided extensive feedback to the bureau on the FCRA proposals. Their message? More time and data are needed.
12/06/20233 12:40 P.M.
9 minute read
Key Takeaways:
- The bureau should conduct another SBREFA or issue an advanced notice of proposed rulemaking on its FCRA proposals.
- Members of Congress have introduced legislation seeking to accomplish what the CFPB has proposed, highlighting the issue of the CFPB’s jurisdiction in this area.
- The proposals lack clear definitions, such as one of medical debt that ties the medical debt to the entity to which the debt is owed, to ensure consistent interpretation by regulated
Access to this page is restricted.
Please log in.