FOR IMMEDIATE RELEASE
October 17, 2025
WASHINGTON, D.C. – The Consumer Data Industry Association (CDIA) applauds the introduction of the FCRA Liability Harmonization Act by Representatives Ann Wagner (MO), Barry Loudermilk (GA), Dan Meuser (PA), Bill Huizenga (MI), Young Kim (CA), and Scott Fitzgerald (WI). The legislation aligns the Fair Credit Reporting Act (FCRA) with other financial consumer protection laws by capping statutory damages in class action lawsuits and eliminating punitive damages. The legislation also reduces the incentive of attorneys to bring meritless lawsuits in order to receive high attorneys fee awards.
CDIA President and CEO, Dan Smith said “CDIA has led the fight for litigation reform; and we will continue to advocate for the changes proposed in this legislation. As currently enacted, the FCRA enables abusive litigation tactics that target companies in many different sectors and can cost businesses, large and small, millions of dollars.”
“Enacting these commonsense changes will provide more predictability and consistency in the civil enforcement provisions of the FCRA. Consumers, consumer reporting agencies, employers, lenders, retailers, and background screeners will all benefit if the damages provisions of the FCRA are restructured to ensure that individual consumers harmed by noncompliance with the law are appropriately compensated for their injuries while placing reasonable and consistent standards in class action lawsuits.”
About CDIA: The Consumer Data Industry Association (CDIA) is the voice of the consumer reporting industry, representing consumer reporting agencies, including the nationwide credit bureaus, regional and specialized credit bureaus, background check and residential screening companies, and others. Founded in 1906, CDIA promotes the responsible use of consumer data to help consumers achieve their financial goals and to help businesses, governments, and volunteer organizations avoid fraud.
Contact:
Ben Corb
bcorb@cdiaonline.org
202.841.2701
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