Credit Access and Inclusion Act of 2026
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Credit Access and Inclusion Act of 2025 amends the Fair Credit Reporting Act to allow certain types of payment information, such as those related to lease agreements, utilities, and telecommunications services, to be reported to consumer reporting agencies. Specifically, it clarifies when energy utility firms can report payment information under payment plans and prohibits reporting late payments if a payment plan is in place. The bill also includes provisions for a GAO study on the impact of these reporting changes on consumers and credit scores.
Key provisions
- Allows energy utility firms to report payment information under specific payment plans.
- Prohibits reporting late payments if a consumer is participating in a payment plan.
- Permits furnishing of information related to lease agreements, utilities, and telecommunications services to consumer reporting agencies.
- Establishes an opt-out process for consumers regarding the furnishing of this information.
- Requires a GAO study on the impact of the reporting changes on consumers.
- Addresses the reporting of consumer cash flow data to credit agencies.
Who is affected
- Consumers
- Energy utility firms
- Telecommunication firms
- Housing and Urban Development
- Consumer Reporting Agencies
Notable changes
- Expands the types of payment information that can be reported to consumer credit agencies.
Bill text
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Sponsors
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3 on record
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Cosponsors
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