Fair Credit Reporting Reseller Accuracy Act

Referred to the House Committee on Financial Services.

2026-03-27

Companies that resell credit reports and other financial information would have to verify the accuracy of that data before selling it to others, and would face penalties if they knowingly distribute incorrect information that harms consumers. This affects credit reporting agencies, data brokers, and any business that buys and resells consumer financial records to lenders, employers, or other organizations. The goal is to reduce the spread of errors in credit files that can unfairly damage people's ability to get loans or jobs.