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In 2021, Congress passed H.R. 2332, the Debt Bondage Act, a bill to help the victims of human trafficking regain their livelihood and recover from the financial harm inflicted by traffickers. CDIA supported this bill.
The bill became Pub. L. 117-81, the National Defense Authorization Act (NDAA) of 2022 (Sec. 6102). The changes are codified at 15 U.S. Code § 1681c–3, FCRA § 605C.
In April 2022, the CFPB issued (press release) a notice of proposed rulemaking under the new law. CDIA filed a comment in connection with this rulemaking. All comments filed in connection with this rule are available online.
In June 2022, the CFPB announced its “final rule to help survivors avoid some of the financial consequences of human trafficking. The CFPB has established, among other things, a method for survivors of trafficking to submit documentation to credit reporting companies that identifies any adverse item of information that resulted from human trafficking. The rule prohibits credit reporting companies from providing a report containing the adverse items of information.” The final rule is online: Prohibition on Inclusion of Adverse Information in Consumer Reporting in Cases of Human Trafficking (Regulation V), 12 CFR Part 1022.
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