[PULSE] Why a credit reporting moratorium during COVID-19 will harm consumers

Aug 18, 2020 |

Seeking to alleviate financial hardships on consumers, two bills; H.R. 6370 and S.3508, ‘‘Disaster Protection for Workers’ Credit Act of 2020’,’ have been introduced in Congress that amend the Fair Credit Reporting Act by placing a moratorium on reporting any “adverse information” regarding a consumer’s credit history during the COVID-19 crisis. While well-intended, these legislative […more]

Posted in: San Francisco

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