On April 8, 2022, the CFPB issued a proposed rule amending Regulation V that would implement amendments to the Fair Credit Reporting Act that assist consumers who are victims of trafficking. The proposed rule would establish a procedure for a victim of trafficking to submit documentation to consumer reporting agencies, including information identifying any adverse item of information about the consumer that resulted from certain types of human trafficking. In addition, the proposed rule would prohibit the consumer reporting agencies from furnishing a consumer report containing the adverse item(s) of information.
CFPB will accept comments until May 9, 2022.
The proposed rule can be found here.
