{"bills":[{"photos":{"featured":"https://assets.causes.com/bill/photo/hr5332-116/featured_protecting-your-credit-score-act-of-2020-1594015296.jpg","featured_large":"https://assets.causes.com/bill/photo/hr5332-116/featured_large_protecting-your-credit-score-act-of-2020-1594015296.jpg","shareable":"https://n.causes.com/share-images/bills/hr5332-116.png"},"introduced_on":"2019-12-06","title_override":"Should Credit Reporting Bureaus Create a Single Online Portal for Consumers to Access Their Credit Reports & Scores?","summary_override":"

This bill — the Protecting Your Credit Score Act of 2019 — would direct the three major credit reporting bureaus to work together to create a single online portal for consumers to access their credit reports and scores.

The portal would be required to:

Provide free and unlimited access to a customer’s credit reports and scores;
Allow customers to initiate and resolve disputes with credit bureaus; and
Give customers access to see to whom credit bureaus have sold their data in the past two years.

Additionally, this bill would direct the Government Accountability Office (GAO) to examine the most secure and accurate marker to track a consumer’s credit, whether with a Social Security Number or another federal identifier.

","official_title":"To amend the Fair Credit Reporting Act to ensure that consumer reporting agencies are providing fair and accurate information reporting in consumer reports, and for other purposes.","short_title":"Protecting Your Credit Score Act of 2020","popular_title":null,"short_summary":"Protecting Your Credit Score Act of 2020 This bill revises provisions related to consumer credit reports and credit reporting agencies. (Sec. 2) Credit reporting agencies are directed to create a central online portal that allows consumers to (1) access free credit reports and credit scores, (2) dispute errors, and (3) place or lift security freezes. (Sec. 3) Credit reporting agencies must verify specified identifying information when adding credit information to a consumer's file. Credit re...","summarized":true,"cost":15000000,"cost_commentary":"The CBO estimates that this bill would cost $15 million over the 2020-2025 period and $25 million over the 2020-2030 period.","impact":"Consumers; credit reporting bureaus; consumer management of their credit reports and scores; and the Government Accountability Office (GAO).","argument_for":"Given credit reports’ importance in many aspects of consumers’ financial lives, it’s essential that they reflect accurate information and be easy to access. Requiring the three major credit reporting bureaus to work together to create a single online portal for consumers to access and correct errors in their credit reports and scores would give consumers more visibility in, and control over, their credit scores. ","argument_against":"In eliminating negative, but useful, information on credit score reports, this legislation would make such scores less useful to financial institutions and others that seek to use consumers’ credit scores to evaluate their creditworthiness and suitability as renters or borrowers. Additionally, this legislation gives the already too powerful Consumer Financial Protection Bureau’s (CFPB) even more authority.","bill_type":"hr","published":true,"type":"FederalBill","id":"hr5332-116","bill_id":"hr5332-116","formal_id":"H.R. 5332","chamber":"house","congress":116,"last_action_at":"2020-06-30T00:00:00.000Z","active":false,"enacted":false,"enacted_at":null,"vetoed":false,"last_vote_at":"2020-06-29T00:00:00.000Z","debated_on":"2020-06-22T16:46:24.000Z","congress_url":"https://www.congress.gov/bill/116th-congress/house-bill/5332","plain_text_url":null,"shareable_image_url":"https://n.causes.com/share-images/bills/hr5332-116.png","congress_full_text_url":"https://www.congress.gov/bill/116th-congress/house-bill/5332/text","is_current_congress":true,"last_version_on":null,"related_bill_ids":null,"progress":"Passed House","house_passage_result":true,"senate_passage_result":false,"position_count":197,"committees":[],"links":{"rollCalls":"/api/roll_calls?bill_id=hr5332-116","details":"/api/bills/hr5332-116/details","sharingMessage":"/api/sharing_messages/hr5332-116","positionsFor":"/api/bills/hr5332-116/positions/for","positionsAgainst":"/api/bills/hr5332-116/positions/against"},"upcoming":false,"cosponsors_count":1,"slug":"hr5332-116-protecting-your-credit-score-act-of-2020","latest_chamber_votes_id":"hr5332-116","official_url":null,"target_video":true,"following":false,"vote_count":1088,"yea_vote_count":970,"nay_vote_count":118,"passed_house":true,"passed_senate":false,"vote_id":null,"my_position_id":null,"topic_ids":[],"issue_ids":["business","banking"],"sponsor_id":1500}],"votes":[],"issues":[{"id":"business","name":"Business","slug":"business","description":"Vote on the latest federal legislation regarding Business. Make your voice heard about the issues you care about. ","page_title":"Business Legislation - Vote on Bills, Stay informed, Hold Your Reps Accountable","icons":{"black":"https://assets.causes.com/issue/icon/business/black_business-1429042053.svg","grey":"https://assets.causes.com/issue/icon/business/grey_business-1429042053.svg","white":"https://assets.causes.com/issue/icon/business/white_business-1429042053.svg"},"cover_image_url":null,"is_following":false},{"id":"banking","name":"Banking","slug":"banking","description":"Vote on the latest federal legislation regarding Banking. Make your voice heard about the issues you care about.\r\n","page_title":"Banking Legislation - Vote on Bills, Stay informed, Hold Your Reps Accountable","icons":{"black":"https://assets.causes.com/issue/icon/banking/black_banking-1429042064.svg","grey":"https://assets.causes.com/issue/icon/banking/grey_banking-1429042064.svg","white":"https://assets.causes.com/issue/icon/banking/white_banking-1429042064.svg"},"cover_image_url":null,"is_following":false}],"users":[{"name":"Virginia ","vote_count":142,"photos":{"large":"https://graph.facebook.com/2344586925831572/picture?width=150&height=150","small":"https://graph.facebook.com/2344586925831572/picture?width=75&height=75","tiny":"https://graph.facebook.com/2344586925831572/picture?width=20&height=20","facebook":"https://graph.facebook.com/2344586925831572/picture"},"links":{"following":"/api/users/mrv2B7Jn/following","followers":"/api/users/mrv2B7Jn/followers"},"about_me":null,"twitter_id":null,"facebook_id":null,"youtube_id":null,"google_plus_id":null,"website":null,"slug":null,"issue_count":13,"is_following":null,"influence_score":90,"influence_level":20,"follower_count":2,"following_count":5,"position_count":72,"id":"mrv2B7Jn","partner_id":null}],"bill_position":{"flagged":false,"id":"73c4bb2e-f6a7-489d-ab9f-452d5a471d24","argument_for":"There should be one this way there is a way to change mistakes. \nYou would not have to call so many others who could also foul up the reporting.. \nAlso making it much more secured.","argument_against":null,"show_argument_for":true,"show_argument_against":false,"upvote_count":0,"upvotes_for_count":0,"upvotes_against_count":null,"has_upvoted":false,"endorsement_count":0,"links":{"self":"https://www.causes.com/positions/73c4bb2e-f6a7-489d-ab9f-452d5a471d24"},"body":"There should be one this way there is a way to change mistakes. \nYou would not have to call so many others who could also foul up the reporting.. \nAlso making it much more secured.","stance":"yea","created_at":"2020-07-01T16:33:06.676Z","shareable_image_url":"https://n.causes.com/share-images/positions/73c4bb2e-f6a7-489d-ab9f-452d5a471d24.png","note_color":null,"note_text":null,"bill_id":"hr5332-116","user_id":"mrv2B7Jn","endorser_ids":[]}}

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Should Credit Reporting Bureaus Create a Single Online Portal for Consumers to Access Their Credit Reports & Scores?