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Home » Store » News » Industry, Consumer Groups Clash Over Extension of FCRA Provisions

Industry, Consumer Groups Clash Over Extension of FCRA Provisions

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Allowing federal preemption under the Fair Credit Reporting Act to expire could tighten and make it more expensive to obtain credit, ultimately crippling one of the strongest arms of the economy, the mortgage industry warned Congress. Due to sunset at the end of the year, the FCRA federal preemptions allow lenders to obtain credit information across state lines. If they are not extended, state laws could make it difficult for lenders to operate and
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