FOR IMMEDIATE RELEASE
October 28, 2025
CDIA Applauds the CFPB’s New Interpretive Rule
WASHINGTON, D.C. – The Consumer Data Industry Association applauds the Consumer Financial Protection Bureau’s new interpretive rule affirming the broad preemptive scope of the Fair Credit Reporting Act (FCRA). Congress’ intent is clear in the FCRA text. There should be one national standard to govern how information is provided to consumer reporting agencies (CRA) and what information can appear on a consumer’s credit report.
Many state legislatures have disregarded the FCRA’s plain text and tried to impose state-level limits on how CRAs report data. That fragmentation is precisely what Congress intended to prevent when it reserved authority over “information contained in consumer reports” and the duties of those who furnish information to CRAs.
The Bureau’s new interpretive rule explains that allowing divergent state regulation would fragment the consumer-reporting system, causing increased borrowing costs for consumers.
This rule will help to ensure that the American consumer credit system remains the best, most accurate, most fair system for making consumer credit decisions. We thank the Bureau for this important effort to keep a unified national standard in place.
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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