AG calls on credit bureau to help repair credit histories of trafficking victims
TOPEKA, Kan. (WIBW) – The Kansas Attorney General has called on the Consumer Financial Protection Bureau to help keep the wrecked credit history of human trafficking survivors from negatively impacting their lives.
Kansas Attorney General Derek Schmidt says on Tuesday, May 10, he urged the federal Consumer Financial Protection Bureau to implement provisions of the Debt Bondage Repair Act in order to provide a way for victims of human trafficking to repair credit histories that were damaged through no fault of their own.
AG Schmidt said the Debt Bondage Repair Act was signed into law in December 2021 and prohibits credit rating agencies from providing consumer reports that contain negative information about human trafficking survivors from any period during which they were trafficked.
Schmidt said he joined a coalition of 40 other state and territorial attorneys general to write to the CFPB to support the implementation of the changes in federal law into Section 605C of the Fair Credit Reporting Act.
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