AG James joins group that plans to enforce Fair Credit Reporting Act
The New York State attorney general and her counterparts from 21 other states don’t think that the federal government is doing enough to enforce the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) or the Fair Credit Reporting Act to protect consumer credit scores during the COVID-19 pandemic, so they have promised to step up to pick up the slack.
Attorney General Letitia James has signed a letter with 21 other attorneys general to the three major consumer reporting agencies to warn them that the attorneys general will enforce safeguards set in place to protect consumers and hold the consumer reporting agencies accountable if they fail to meet their obligations.
“This is about protecting consumers’ wallets in the future and ensuring the economic fallout of the coronavirus will not impede efforts to go on living the way we were before this pandemic began,” said Attorney General James. “In this period of economic turmoil, these consumer protections are more important than ever, which is why our coalition is committed to protecting consumers and enforcing all federal and state requirements. If the federal government refuses to do its job during this crisis, our coalition will not hesitate to take charge.”