Name Accuracy in Credit Reporting Act

Hozzl · 2023-12-15T15:56:41Z

Explore the details of House Bill 2444 Name Accuracy in Credit Reporting Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/15/2023, 3:56 PM

Summary of Bill HR 2444

Bill 118 hr 2444, also known as the Name Accuracy in Credit Reporting Act, aims to address issues related to inaccuracies in credit reports caused by errors in individuals' names. The bill seeks to ensure that credit reporting agencies accurately reflect individuals' names on their credit reports, as errors in names can lead to mistaken identity and potentially harm individuals' credit scores.

The legislation requires credit reporting agencies to implement procedures to verify the accuracy of individuals' names on credit reports and to correct any errors promptly. It also mandates that individuals be notified of any changes made to their names on their credit reports.

Additionally, the bill includes provisions to protect consumers from identity theft by requiring credit reporting agencies to take steps to prevent fraudulent activity related to name inaccuracies on credit reports. Overall, the Name Accuracy in Credit Reporting Act aims to improve the accuracy of credit reports by addressing issues related to errors in individuals' names, ultimately helping to protect consumers' credit scores and financial well-being.

Congressional Summary of HR 2444

Name Accuracy in Credit Reporting Act

This bill prohibits, upon a consumer's request, a credit reporting agency from including on a consumer credit report a consumer's prior name after a legal name change.

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Current Status of Bill HR 2444

Bill HR 2444 is currently in the status of Introduced to House since March 30, 2023. Bill HR 2444 was introduced during Congress 118 and was introduced to the House on March 30, 2023. Bill HR 2444's most recent activity was Referred to the House Committee on Financial Services. as of March 30, 2023

Bipartisan Support of Bill HR 2444

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 2444

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 2444

Name Accuracy in Credit Reporting Act

To amend the Fair Credit Reporting Act to require nationwide consumer reporting agencies, upon request, to use a consumer's current legal name on consumer reports, and for other purposes.