Permits landlords, utilities, and phone and internet providers to report consumers' rent and service payment records to credit bureaus, and bars energy utilities from reporting a balance as late while a customer keeps up with an agreed payment plan.

• Lets landlords, HUD, and utility and telecommunications firms furnish information on a consumer's lease and service payments to consumer reporting agencies.
• Limits utility usage data that can be reported to payment terms, including deposits, discounts, and conditions for interruption or termination of service.
• Bars energy utilities from reporting a balance as late when the customer has a payment plan, deferred payment agreement, arrearage management program, or debt forgiveness program and is meeting its terms.
• Shields furnishers from liability under the new subsection and requires a Government Accountability Office report to Congress within 2 years on consumer impacts and the effect of cash flow data on credit scores.

• Financial Services Committee (House)

Finance and Financial Sector