To direct the Bureau of Consumer Financial Protection to issue model forms and model language for certain Fair Credit Reporting Act requirements, and for other purposes.
Clarity in Consumer Disclosures Act of 2021
This bill requires the Consumer Financial Protection Bureau to issue model forms and model language for use by consumer reporting agencies in satisfying consumer disclosure, authorization, certification, notice, and consent requirements. The model forms and model language must use plain language that is comprehensible to an average reader.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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