Attorney General James Leads Multistate Coalition Fighting to Protect Consumer Credit During Coronavirus Pandemic

Posted to Applied Web NY on Tue, 04/28/2020 - 16:19

NEW YORK – New York Attorney General Letitia James today co-led a coalition of 22 attorneys general warning the nation’s three Consumer Reporting Agencies (CRAs) that they will not hesitate to enforce safeguards set in place to ensure consumers’ credit is properly protected and that their credit reports are fairly and accurately reported as Americans continue to struggle from the economic fallout of the coronavirus disease 2019 (COVID-19) public health crisis. In a letter to Experian Information Solutions, Inc.; Equifax Information Services, LLC; and TransUnion LCC, Attorney General James and the coalition outline their commitment to enforcing the consumer credit protections outlined in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) passed last month, as well as in the Fair Credit Reporting Act (FCRA), despite the federal government’s failure — under the Trump Administration — to commit to enforcing many of these protections. The letter emphasizes that the coalition will continue to actively monitor and enforce compliance during the COVID-19 crisis and will hold the CRAs accountable for failure to meet their obligations.

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