H.R. 3622 — what changed
Restoring Unfairly Impaired Credit and Protecting Consumers Act
From Introduced in House to Reported in House. 3 sections amended between Introduced in House and Reported in House.
Sec. 204 Amendment to security freezes for consumer reports
In general— Section 605A(i) of the Fair Credit Reporting Act (15 U.S.C. 1681c–1(i)) is amended—
by amending the subsection heading to read as follows: “Security freezes for consumer reports”;
changed
in subparagraph (E), paragraph (3)(E), by striking “Upon receiving” and all that follows through “subparagraph (C),” and inserting “Upon receiving a direct request from a consumer for a temporary removal of a security freeze, a consumer reporting agency shall”;shall”; and
by adding at the end the following:
“(7) Relation to State law—This subsection does not modify or supersede the laws of any State relating to security freezes or other similar actions, except to the extent those laws are inconsistent with any provision of this title, and then only to the extent of the inconsistency. For purposes of this subsection, a term or provision of a State law is not inconsistent with the provisions of this subsection if the term or provision affords greater protection to the consumer than the protection provided under this subsection as determined by the Bureau.”
Amendment to webpage requirements— Section 605A(i)(6)(A) of the Fair Credit Reporting Act (15 U.S.C. 1681c–1(i)(6)(A)) is amended—
changed
in clause (i), (ii), by striking “initial fraud alert” and inserting “1-year fraud alert”;
in clause (iii), by striking “extended fraud alert” and inserting “7-year fraud alert”; and
in clause (iv), by striking “fraud”.
Amendment to exceptions for certain persons— Section 605A(i)(4)(A) of the Consumer Credit Protection Act (15 U.S.C. 1681c–1(i)(4)(A)) is amended to read as follows:
“(A) A person, or the person’s subsidiary, affiliate, agent, subcontractor, or assignee with whom the consumer has, or prior to assignment had, an authorized account, contract, or debtor-creditor relationship for the purposes of reviewing the active account or collecting the financial obligation owed on the account, contract, or debt.”
Effective date— The amendments made by subsection (a) shall take effect on the date of the enactment of this Act.
Sec. 206 Provides access to fraud records for victims
Section 609(e) of the Fair Credit Reporting Act (15 U.S.C. 1681g(e)) is amended—
in paragraph (1)—
by striking “resulting from identity theft”;
by striking “claim of identity theft” and inserting “claim of fraudulent activity”; and
by striking “any transaction alleged to be a result of identity theft” and inserting “any fraudulent transaction”;
in paragraph (2)(B)—
by striking “identity theft, at the election of the business entity” and inserting “fraudulent activity”;
by amending clause (i) to read as follows:
“(i) a copy of an identity theft report; or”
by amending clause (ii) to read as follows:
“(ii) an affidavit of fact that is acceptable to the business entity for that purpose.”
changed
in paragraph (3), (3)(C), by striking “identity theft” and inserting “fraudulent activity”;
by striking paragraph (8) and redesignating paragraphs (9) through (13) as paragraphs (8) through (12), respectively; and
in paragraph (10) (as so redesignated), by striking “or a similar crime” and inserting “, fraud, or a related crime”.
Sec. 209 Ensures removal of inquiries resulting from identity theft, fraud, or other related crime from consumer reports
changed
Section 605(a) of the Fair Credit Reporting Act (15 U.S.C. 1681c(a)), as amended by section 102, 103, is further amended by adding at the end the following:
changed
“(14) “(17) Information about inquiries made for a credit report based on requests that the consumer reporting agency verifies were initiated as the result of identity theft, fraud, or other related crime.”