DeSaulnier (D-CA) – Amendment No. 1 - Requires the GAO to study how credit scores are used in rental housing and mortgage determinations, including information on treatment of different demographic populations
Shalala (D-FL), Horn (D-OK) – Amendment No. 2 - Requires the GAO to study how credit scores adversely impacted by a student borrowers defaulted or delinquent private education loan further impacts applying for future loans, including information on treatment of different demographic populations
Timmons (R-SC) – Amendment No. 3 - Requires GAO to carry out a study of the compliance by consumer reporting agencies that compile and maintain files on consumers and the impact such compliance has on consumers
Clay (D-MO) – Amendment No. 4 - Clarifies Federal law for reporting certain positive consumer credit information to CRAs, and seeks to expand access to credit through use of alternative data
Steil (R-WI), McAdams (D-UT) – Amendment No. 5 - Clarifies that a person’s credit report may be used if the report is obtained in connection with a background check or related investigation of financial information that is required by a federal, state, or local law or regulation
Gottheimer (D-NJ) – Amendment No. 6 - Stipulates that if a credit scoring agency changes their model such that it may negatively impact the credit scores for a group of consumers, then the Consumer Financial Protection Bureau has the option to review the new model and prohibit the change if they find the change is inappropriate
Kildee (D-MI) – Amendment No. 7 - Expands those impacted by major disasters and emergencies to include those working in the areas. Also, extends the grace period for individuals affected by a major disaster or emergency to up to 6 months
King, Steve (R-IA) – Amendment No. 8 - Amends the date for relief on major disaster and emergency declarations to begin on the initial date of the incident period of the major disaster or emergency
Sánchez (D-CA) – Amendment No. 9 - Allows for extended active duty uniformed consumers, including members of the National Guard, to dispute an adverse action or inaction on their credit report that occurred while they were in a combat zone or aboard a U.S. vessel. If a credit reporting agency has knowledge that the consumer was an extended active duty uniformed consumer at the time such action or inaction occurred, the credit reporting agency would have to promptly notify the consumer and inform them how to dispute the adverse information, and includes a budgetary offset
Cohen (D-TN) – Amendment No. 10 - Creates a time period for their credit report to change after making the consecutive payments
Cohen (D-TN) – Amendment No. 11 - Clarifies that credit reports cannot be used solely as the reason for denial of employment
Takano (D-CA) – Amendment No. 12 - Prohibits the inclusion of arrest records on a consumer report if the consumer was not convicted for the arrest
Brown (D-MD) – Amendment No. 13 - Reaffirms Congressional efforts to enhance cybersecurity and implement routine security updates of databases maintained by nationwide consumer reporting agencies that contain sensitive consumer data as critical to the national security of the United States. Additionally, consumer reporting agencies will have to meet minimum training and ongoing certification requirements as established by the Director of The Bureau of Consumer Financial Protection, and the amendment includes a budgetary offset
Panetta (D-CA) – Amendment No. 14 - Adds the term homelessness (as defined by the Secretary of Housing and Urban Development) as an unusual extenuating life circumstance or event that results in severe financial or personal barriers and demonstrates undue hardship
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