NACA joined 26 other groups on a letter to Congress urging the inclusion of the Medical Debt Relief Act in the next COVID-19 relief package. If passed, the Act would prevent credit reporting agencies from including medical debts in collection on consumers' credit reports for one year.
Consumer financial harms stemming from the COVID-19 pandemic will only worsen in communities across the country if the Consumer Financial Protection Bureau (CFPB) does not vigorously enforce the consumer protection laws under its jurisdiction, state leaders of the National Association of Consumer Advocates (NACA) warned today.
NACA commends U.S. House leaders for scheduling a vote on H.R. 3621 Comprehensive CREDIT Act of 2020, which would overhaul the credit reporting system and give consumers more control over their data.
This letter to Congress was updated on January 3, 2019.
NACA and NCLC have issued a press release praising Senator Brown for introducing the Fair Consumer Reporting in Bankruptcy Act of 2015, which will protect consumers from having debts discharged in bankruptcy still listed on their credit reports.
One of my favorite questions I like to ask lawyers is “Why do people file for Bankruptcy?”
The most common answer I get is because they owe money, or they have a lot of debt.
But that is wrong. The truth of the matter is very different.