H.R.9639

FAIR Credit Act Fostering Accuracy and Integrity in the Reporting of Credit Act

Fostering Accuracy and Integrity in the Reporting of Credit Act

Introduced·7/9/26

The FAIR Credit Act amends the Fair Credit Reporting Act to improve consumer credit reporting accuracy and protect consumers from identity theft and.

The FAIR Credit Act amends the Fair Credit Reporting Act to enhance consumer protections and credit reporting accuracy. It shortens the time period that most adverse credit information stays on consumer reports from 10 years to 7 years. It mandates the expedited removal of fully paid or settled debt from consumer reports. It prohibits the appearance of medical debt on consumer reports. It provides credit restoration for victims of predatory mortgage lending and servicing.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Financial Services Committee
Next
Committee decision

Sponsors

Democratic CaucusRepublican Caucus

History

Jul 9

House

Introduced in House

Jul 9

House

Referred to the House Committee on Financial Services.