Attorney General Ford, 21 states fight to protect consumer credit during COVID-19 pandemic
April 29, 2020 – Attorney General Aaron Ford sent a letter to the nation’s three Consumer Reporting Agencies that they he will not hesitate to enforce safeguards set in place to ensure consumers’ credit is properly protected and their credit reports are fairly and accurately reported.
The AG is joined by a coalition of 21 attorneys general in this letter.
“As Nevadans continue to struggle from the economic fallout of this public health crisis, protecting their credit is critical,” said AG Ford. “It is more important than ever that credit reporting agencies protect consumers against incorrect information in their credit reports that could prevent them from conducting activities they would be able to do before the pandemic began, like renting or buying a home and purchasing a car.”
In a letter to Experian Information Solutions, Inc.; Equifax Information Services, LLC; and TransUnion LCC, the attorneys general outline their commitment to enforcing the consumer credit protections outlined in the Coronavirus Aid, Relief, and Economic Security Act passed last month, as well as in the Fair Credit Reporting Act, despite the federal government’s failure to commit to enforcing these protections.
The letter emphasizes that the coalition will continue to actively monitor and enforce compliance during the COVID-19 crisis and will hold the CRAs accountable for failure to meet their obligations.
Today’s letter follows a letter the coalition sent to the Consumer Financial Protection Bureau on April 13, urging the agency to rescind its announcement that it would not enforce certain provisions of the CARES Act and the FCRA.
In addition to Nevada, other states that participated in the letter include: California, Colorado, Delaware, the District of Columbia, Hawaii, Illinois, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New Mexico, New York, North Carolina, Pennsylvania, Rhode Island, Virginia, Washington and Wisconsin.
By News 4 and FOX 11
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