,i #aafth ,,congress #ast ,session ,h4 ,r4 #chba ,,in ,,the ,,house ,,of ,,representatives ,july #ah1 #bjai,mr4 ,mc,henry introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to amend the ,fair ,credit ,reporting ,act to make improvements to the regulation of consumer reporting agencies and protect consumers1 and for other purposes4 #a4 ,cybersecurity supervision and examination of large consumer reporting agencies 7a7 ,in general ,the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha et seq47 is amended by adding at the end the following3 #fcj4 ,cybersecurity supervision and examination of large consumer reporting agencies ,consumer reporting agencies described under section #fjc7p7 shall be subject to cybersecurity supervision and examination by the ,bureau4 4 7b7 ,clerical amendment ,the table of contents of the ,fair ,credit ,reporting ,act is amended by adding at the end the following3 #fcj4 ,cybersecurity supervision and examination of large consumer reporting agencies4 4 #b4 ,prohibition on the use of ,social ,security numbers 7a7 ,in general ,section #fje of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha;c7 is amended by adding at the end the following3 7i7 ,prohibition on the use of social security numbers ,a consumer reporting agency described under section #fjc7p7-- 7#a7 may not make any consumer report containing a social security number2 and 7#b7 may not use the social security number of a consumer as a method to verify the consumer4 4 7b7 ,conforming amendment ,section #fji7;a77#a7 of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha;g7a77#a77 is amended by striking except that-- and all that follows through 7,b7 nothing and inserting except that nothing4 7c7 ,effective date ,the amendments made by this section shall take effect on ,january #a1 #bjbj4 #c4 ,exclusion of paid medical debt ,section #fje7;a7 of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha;c7a77 is amended1 by adding at the end the following3 7#i7 ,paid debt arising from the receipt of medically necessary1 non-elective medical services1 products1 or devices which from the date of payment1 antedate the report by more than #a year4 4 #d4 ,security freezes for protected consumers 7a7 ,placement of freeze ,section #fje;,a7j77#b77;,a7 of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha;c-#a7;j77#b77;,a77 is amended to read as follows3 7,a7 ,in general ,upon receiving a direct request from a protected consumer's representative1 by mail1 toll-free telephone1 or secure electronic means1 that a consumer reporting agency place a security freeze1 and upon receiving sufficient proof of identification and sufficient proof of authority1 the consumer reporting agency shall1 free of charge1 place the security freeze not later than #c business days after receiving the request directly from the protected consumer's representative4 4 7b7 ,removal of freeze ,section #fje;,a7j77#d7 of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha;c-#a7;j77#d77 is amended-- 7#a7 in subparagraph 7,a77i71 by inserting after ,upon the direct request the following3 1 by mail or secure electronic means12 7#b7 in subparagraph 7,a77ii71 by inserting after ,upon the direct request the following3 1 by mail or secure electronic means12 and 7#c7 in subparagraph 7,c7-- 7,a7 by striking not later than-- and inserting the not later than #c days business days after receiving the request directly from the protected consumer or protected consumer's representative42 and 7,b7 by striking clauses 7i7 and 7ii74 #e4 ,public record data sources in consumer reports ,section #fje7;d7 of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha;c7d77 is amended by adding at the end the following3 7#c7 ,public record data ,if a consumer reporting agency furnishes a consumer report that contains public record data1 such consumer reporting agency shall include the source of such public record data in such report4 4 #f4 ,prohibition on including adverse information related to predatory mortgage lending 7a7 ,in general ,the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha et seq47 is amended by inserting after section #fje;,b the following3 #fje;,c4 ,adverse information relating to predatory mortgage lending 7a7 ,in general ,a consumer reporting agency may not furnish any consumer report containing any adverse item of information relating to a covered residential mortgage loan 7including the origination and servicing of such a loan1 any loss mitigation activities related to such a loan1 and any foreclosure1 deed in lieu of foreclosure1 or short sale related to such a loan71 if the action or inaction to which the item of information relates-- 7#a7 resulted from an unfair1 deceptive1 or abusive act or practice1 or a fraudulent1 discriminatory1 or illegal activity of a financial institution1 as determined by a court of competent jurisdiction2 or 7#b7 is related to an unfair1 deceptive1 or abusive act or practice1 or a fraudulent1 discriminatory1 or illegal activity of a financial institution that is the subject of a settlement agreement initiated on behalf of a consumer and that is between the financial institution and an agency or department of a local1 ,state1 or ,federal ,government4 7b7 ,covered residential mortgage ,in this section1 the term #8covered residential mortgage loan' means any loan made primarily for personal1 family1 or household use that is secured by a mortgage1 deed of trust1 or other equivalent consensual security interest on a dwelling 7as defined in section #ajc7w7 of the ,truth in ,lending ,act71 including a loan in which the proceeds will be used for-- 7#a7 a manufactured home 7as defined in section #fjc of the ,housing and ,community ,development ,act of #aigd72 7#b7 any installment sales contract1 land contract1 or contract for deed on a residential property2 or 7#c7 a reverse mortgage transaction 7as defined in section #ajc7;cc7 of the ,truth in ,lending ,act74 4 7b7 ,table of contents amendment ,the table of contents of the ,fair ,credit ,reporting ,act is amended by inserting after the item relating to section #fje;,b the following new item3 #fje;,c4 ,adverse information relating to predatory mortgage lending4 4 #g4 ,prohibition on including adverse information when financial abuse has been determined 7a7 ,in general ,the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha et seq471 as amended by section #f1 is further amended by inserting after section #fje;,c the following3 #fje;,d4 ,adverse information in cases of financial abuse ,a consumer reporting agency may not furnish a consumer report containing any adverse item of information about a consumer that resulted from intentionally abusive or harmful financial behavior if-- 7#a7 a court of competent jurisdiction1 in a lawsuit that is not a class action lawsuit1 has determined that the consumer is a victim of such intentionally abusive or harmful financial behavior2 7#b7 such intentionally abusive or harmful financial behavior was conducted by a spouse1 family or household member1 caregiver1 or person with whom such consumer had a dating relationship2 and 7#c7 such consumer did not participate in or consent to such behavior4 4 7b7 ,table of contents amendment ,the table of contents of the ,fair ,credit ,reporting ,act is amended by inserting after the item relating to section #fje;,c the following new item3 #fje;,d4 ,adverse information in cases of financial abuse4 4 #h4 ,prohibition on including adverse information when a student obligor is defrauded 7a7 ,in general ,the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha et seq471 as amended by section #g1 is further amended by inserting after section #fje;,d the following3 #fje;,e4 ,adverse information in cases of a defrauded student obligor4 7b7 ,in general ,a consumer reporting agency may not furnish a consumer report containing any adverse item of information about a consumer that resulted from a private student loan obligation if-- 7#a7 such consumer is a student obligor with respect to such private education loan2 and 7#b7 a court of competent jurisdiction1 in a lawsuit that is not a class action lawsuit1 has determined that such consumer is a victim of fraud with respect to such private education loan4 7c7 ,private education loan defined ,for the purposes of this section1 the term private education loan has the meaning given the term in section in section #adj7;a7 of the ,truth in ,lending ,act4 4 7b7 ,table of contents amendment ,the table of contents of the ,fair ,credit ,reporting ,act is amended by inserting after the item relating to section #fje;,d the following new item3 #fje;,e4 ,adverse information in cases of a defrauded student obligor4 4 #i4 ,bureau list of credit reporting agencies ,the ,bureau of ,consumer ,financial ,protection shall maintain a list of credit reporting agencies in the ,united ,states and publish such list of the website on the ,bureau of ,consumer ,financial ,protection4 #aj4 ,study and report to ,congress on use of non-traditional data in credit scoring 7a7 ,study ,the ,bureau of ,consumer ,financial ,protection shall carry out a study about the use of non-traditional data-- 7#a7 by consumer reporting agencies when compiling and furnishing consumer reports2 and 7#b7 by persons that create1 maintain1 or purchase credit scoring models used in making credit decisions4 7b7 ,report ,not later than #ah months after the date of the enactment of this section1 the ,bureau of ,consumer ,financial ,protection shall issue a report to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate containing all findings and determinations1 including any recommendations for any legislative or regulatory changes1 made in carrying out the study required under subsection 7a74 7c7 ,definitions ,for the purposes of this section1 the terms consumer reporting agency and consumer report shall have the meanings given the terms in section #fjc of the ,fair ,credit ,reporting ,act4