| Topics and Issues | Credit repair (34) |
In 2017, the FTC issued a Report on Credit Education and the Credit Repair Organizations Act.
In May 2017 Congress directed the Federal Trade Commission (“FTC”) to report to the Committee on Appropriations of the House and Senate on the Credit Repair Organizations Act’s (“CROA”) effects on credit education products, services, and technology offered by consumer reporting agencies (“CRAs”), as defined by the Fair Credit Reporting Act, and other entities. In compliance with this request, the FTC is submitting this Report. The Report describes information and services available to consumers seeking to improve their credit (Part II); provides background on the history of CROA and the FTC’s role in enforcing it (Part III); discusses potential effects of CROA on credit education products, services, and technology offered by CRAs and others (Part IV); and offers concluding thoughts (Part V).