Equifax, Experian, & TransUnion Endorse CARES Act
Nation’s leading credit reporting bureaus support landmark legislation to support consumers and businesses during unprecedented public health crisis
WASHINGTON – Equifax, Experian and TransUnion announced their collective support for the CARES Act. The nation’s three nationwide credit bureaus endorsed the legislation, which includes a section that will help protect Americans’ credit standing during this unprecedented health crisis. Under the legislation, borrowers who are working with their creditors on a payment plan or forbearance will be reported as current.
In a joint statement, Equifax, Experian and TransUnion said:
“Together, we believe this solution ensures consumers get the help they need while preserving the integrity of the consumer reporting system, which is critical to our economic recovery.”