All Information (Except Text) for S.1786 - SECURE Act of 2017115th Congress (2017-2018)
|Sponsor:||Sen. Schatz, Brian [D-HI] (Introduced 09/11/2017)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 10/17/2017 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-132. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Short Titles - Senate
Short Titles as Introduced
SECURE Act of 2017
Stopping Errors in Consumer Use and REporting Act of 2017
Actions Overview (1)
|09/11/2017||Introduced in Senate|
All Actions (2)
|10/17/2017||Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-132.|
|09/11/2017||Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.|
Action By: Senate
|Sen. Warren, Elizabeth [D-MA]*||09/11/2017|
|Sen. Merkley, Jeff [D-OR]*||09/11/2017|
|Sen. McCaskill, Claire [D-MO]*||09/11/2017|
|Sen. Blumenthal, Richard [D-CT]*||09/11/2017|
|Sen. Sanders, Bernard [I-VT]*||09/11/2017|
|Sen. Markey, Edward J. [D-MA]||09/14/2017|
|Committee / Subcommittee||Date||Activity||Related Documents|
|Senate Banking, Housing, and Urban Affairs||09/11/2017||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
- Administrative law and regulatory procedures
- Child safety and welfare
- Civil actions and liability
- Computer security and identity theft
- Congressional oversight
- Consumer Financial Protection Bureau
- Consumer credit
- Fraud offenses and financial crimes
- Government information and archives
- Government studies and investigations
- Legal fees and court costs
- User charges and fees
Latest Summary (1)
Introduced in Senate (09/11/2017)
Stopping Errors in Consumer Use and REporting Act of 2017 or the SECURE Act of 2017
This bill amends the Fair Credit Reporting Act with respect to civil liability for willful or negligent noncompliance with consumer credit protection requirements. Specifically, it authorizes a court to award: (1) injunctive relief to require compliance with that Act, and (2) costs and fees to the prevailing party in any successful action for injunctive relief.
In disputes regarding information contained in a consumer's credit report, the consumer reporting agency must provide all documentation provided by the consumer to the furnisher of the disputed information. The furnisher must review and consider the documentation.
The Consumer Financial Protection Bureau (CFPB) must issue rules to ensure accuracy of consumer reports issued by consumer reporting agencies.
This bill adds negligence and willful violations of the Act as a basis for civil action and penalty by the Federal Trade Commission.
A consumer reporting agency: (1) must give a consumer a credit score free of charge if one is requested in connection with a free annual consumer report, and (2) must provide free disclosures to any consumer who has received either a notice of adverse action or an offer of credit on materially less favorable terms.
Upon request by a consumer under age 16 or the consumer's legal guardian or custodian, a consumer reporting agency may not provide anyone with the minor's consumer report, nor add information to the file without permission.
The Government Accountability Office must study the feasibility of a government-administered consumer credit reporting system.