Improving Credit Reports After Legal Name Change
This act aims to ensure credit agencies use a consumer's current legal name on credit reports after a legal name change. This is intended to prevent issues like fragmented credit histories and lowered credit scores, which can hinder access to housing, employment, or financial services.
Key points
Credit reporting agencies will be required to use only a consumer's current legal name on all credit reports upon request.
The act seeks to eliminate inaccuracies in credit reports that arise after a name change, particularly for transgender and gender nonconforming individuals.
Improving credit report accuracy will facilitate access to credit, housing, and employment by removing barriers caused by outdated information.
Expired
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