New York A01654 prohibits reporting debt arrears due to COVID-19 related hardships to consumer reporting agencies and mandates their removal from.

New York Assembly Bill A01654 amends the general business law by adding a new section that prohibits any person, firm, partnership, association, or corporation from reporting debt arrears of an individual due to a COVID-19 related hardship to a consumer reporting agency. The bill defines "COVID-19 related hardship" as a significant loss of household income, increased out-of-pocket expenses, or childcare responsibilities during the pandemic that negatively impacted employment or income.

New York A01654 prohibits reporting debt arrears due to COVID-19 related hardships to consumer reporting agencies and mandates their removal from.

New York Assembly Bill A01654 amends the general business law by adding a new section that prohibits any person, firm, partnership, association, or corporation from reporting debt arrears of an individual due to a COVID-19 related hardship to a consumer reporting agency. The bill defines "COVID-19 related hardship" as a significant loss of household income, increased out-of-pocket expenses, or childcare responsibilities during the pandemic that negatively impacted employment or income.