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Bill

A 6862

Relates to requiring consumer reporting agencies contact consumers when requests are made for their consumer reports

2025 Regular Session Introduced by George Alvarez and 5 co-sponsors

Bill A 6862 requires consumer reporting agencies to notify individuals when their credit reports are accessed, enhancing consumer awareness and protecting against identity theft.

ADVANCED TO THIRD READING CAL.159
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Bill Summary · A 6862

Summary of Bill A 6862

Bill Overview

Bill Number: A 6862
Title: Relates to requiring consumer reporting agencies to contact consumers when requests are made for their consumer reports
Status: Advanced to Third Reading (CAL.159)
Introduced: March 14, 2025
Classification: Bill

Purpose and Intent

The primary purpose of Bill A 6862 is to enhance consumer protection by mandating that consumer reporting agencies (CRAs) notify consumers whenever a request is made for their consumer reports. This initiative aims to increase transparency and empower consumers by keeping them informed about who is accessing their credit information.

Key Provisions

  • Notification Requirement: Consumer reporting agencies will be required to contact consumers directly when a request for their consumer report is made. This includes requests from lenders, employers, or any other entities that utilize credit reports for decision-making.
  • Method of Notification: The bill specifies that notifications must be sent in a timely manner, although the exact timeframe for notification is not detailed in the provided information.
  • Consumer Rights: The bill reinforces consumer rights by ensuring that individuals are aware of inquiries into their credit history, which can help them monitor for unauthorized access or potential identity theft.

Affected Parties

  • Consumers: Individuals whose credit reports are accessed will benefit from increased awareness and the ability to respond to unauthorized inquiries.
  • Consumer Reporting Agencies: CRAs will need to implement new processes to comply with the notification requirement, which may involve changes to their operational protocols.
  • Lenders and Employers: Entities that request consumer reports will need to be aware of the new notification requirements and may need to adjust their practices accordingly.

Legislative Timeline

  • March 14, 2025: Bill A 6862 was introduced and referred to the Committee on Consumer Affairs and Protection.
  • May 6, 2025: The bill was reported and referred to the Codes Committee.
  • May 13, 2025: The bill was reported again, indicating progress through the legislative process.
  • May 15, 2025: The bill advanced to the third reading stage (CAL.159), moving closer to potential enactment.

Related Bills

  • A 10411: A prior-session bill that may address similar consumer protection issues.
  • A 618: Another prior-session bill relevant to consumer reporting.
  • A 2484: A prior-session bill that may have implications for consumer rights.
  • A 4717: A related prior-session bill.
  • S 2248: The companion bill in the Senate, which may parallel the provisions of A 6862.

Conclusion

Bill A 6862 represents a significant step toward enhancing consumer rights and protections in the realm of credit reporting. By requiring consumer reporting agencies to notify individuals of inquiries into their credit reports, the bill aims to foster greater transparency and help consumers safeguard their financial information. As the bill progresses through the legislative process, its implications for consumers and reporting agencies will become clearer.

Compiled from official sources — confirm details with the bill’s official record.

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