HR. 306In Committee
ESCRA Act
Tightens credit repair organization rules by expanding false statement bans, delaying charges until documented results, requiring state licensing, and setting minimum damages for violations
Plain-English overview
What this bill does
Tightens credit repair organization rules by expanding false statement bans, delaying charges until documented results, requiring state licensing, and setting minimum damages for violations
Key points
- Require delayed service charges
- Require state licensing
- Prohibit false statements
- Increase minimum damages
Current status
Where it stands
Status
In Committee
Latest action
2025-01-09 — Referred to the House Committee on Financial Services.
Related context
Topics and policy areas
undefinedFinance and Financial Sector