Federal Employee Financial Protection Act of 2026

This bill would change the Fair Credit Reporting Act so that credit reporting agencies cannot include late or missed payments in a credit report if the payments were made by a federal employee who was furloughed or working without pay during a government shutdown. Agencies would have to treat those late or missed payments as if they had been paid. The Bureau of Consumer Financial Protection would have to issue rules to carry this out within 30 days after the bill becomes law. The bill also states Congress's view that private lenders should offer payment flexibility, waive late fees, and not report late payments for these employees during a shutdown.

Full text and official record on Congress.gov

Sponsors

• Mark Alford Republican sponsor
• 0 cosponsors