The bill would amend the Fair Credit Reporting Act to shorten the reporting period for most adverse information, prohibit medical debt from appearing on consumer reports, and remove certain information related to paid or settled debts. It would also provide credit restoration or relief for victims of predatory mortgage lending, certain fraudulent education programs, and economic abuse. The bill would expand fraud alerts, security freezes, access to fraud records, and free credit-monitoring and identity-theft protection services for certain consumers.

FactVote-generated overview; it is not an official CRS summary.