S.1538 - FIX Credit Reporting Errors Act113th Congress (2013-2014)
Summary: S.1538 — 113th Congress (2013-2014)
Introduced in Senate (09/23/2013)
FIX Credit Reporting Errors Act or the FIX Act - Amends the Fair Credit Reporting Act with respect to the procedures followed by consumer reporting agencies when a consumer disputes the completeness or accuracy of information contained in the consumer's credit report.
Requires consumer reporting agencies to: (1) expand the dispute notification furnished to any person who provided disputed information to include all documentation provided by the consumer, and (2) consider such consumer documentation when conducting reinvestigations of disputed information.
Directs a consumer reporting agency that operates as reseller, if it receives notice from a consumer of a dispute concerning a report that the reseller produced but the reseller determines that the information is not incomplete or inaccurate as a result of an act or omission of the reseller, to convey the notice of the dispute, together with all relevant information and documentation provided by the consumer, to each consumer reporting agency that provided the reseller with the information that is the subject of the dispute.