H.R. 8141 · On the floor · Finance and Financial Sector

Fair Credit Reporting Reseller Accuracy Act

Sponsor: Michael Lawler (R-NY)

What it does

• Requires consumer credit data resellers to follow reasonable procedures to ensure accuracy of credit information they provide to third parties.
• Shields resellers from liability under the Fair Credit Reporting Act if they accurately communicate information obtained from another consumer reporting agency.
• Applies specifically to resellers that assemble and merge credit information from other agencies rather than maintaining their own credit database.

Official summary

Fair Credit Reporting Reseller Accuracy Act This bill requires a consumer credit data reseller (a consumer reporting agency that does not maintain a credit database of its own, but assembles and merges a consumer's credit information from other agencies that it provides to a third party) to follow reasonable procedures to ensure the maximum possible accuracy of the credit information it provides. A reseller may not be held liable under the Fair Credit Reporting Act for the information it provides if the reseller accurately communicates the information obtained from another consumer reporting agency.

Latest action

Sep 1, 2026: Placed on the Union Calendar, Calendar No. 689.

Committee: House Financial Services