Consumer Financial Protection Bureau

FACT SHEET: Biden-Harris Administration Continues to Uplift Asian American, Native …
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FACT SHEET: Biden-Harris Administration Continues to Uplift Asian American, Native …

ByEyes on Trafficking News

Today, the Biden-Harris Administration is releasing its first-ever National Strategy to Advance Equity, Justice, and Opportunity for Asian American, Native Hawaiian, and Pacific Islander (AA and NHPI) Communities. The new strategy, which comprises action plans prepared by 32 federal agencies—including all 15 executive departments in the President’s Cabinet—builds on the Administration’s broader equity agenda and…

CPFB Issues Final Rule for Credit Reporting for Survivors of Human Trafficking – Lexology
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CPFB Issues Final Rule for Credit Reporting for Survivors of Human Trafficking – Lexology

ByEyes on Trafficking News

On June 23, the Consumer Financial Protection Bureau (CFPB) issued a final rule, prohibiting consumer reporting agencies (CRAs) from reporting adverse information resulting from human trafficking on survivors’ credit reports. This rule took effect on July 25. The CFPB’s final rule amends Regulation VII, the Fair Credit Reporting Act’s (FCRA) implementing regulation, to comply with…

More US Employers Are Trapping Workers in a New Form of Indentured Servitude – Truthout
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More US Employers Are Trapping Workers in a New Form of Indentured Servitude – Truthout

ByEyes on Trafficking News

  Bosses in industries such as retail, health care and logistics are reverting to an old tactic and trapping people in miserable jobs by threatening to saddle them with debt if they quit. Workers across the United States in fields ranging from nursing to trucking have been discouraged from leaving jobs they hate or can’t…

The Credit Repair Process for Survivors: What We Know So Far (re: Debt Bondage Repair Act)
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The Credit Repair Process for Survivors: What We Know So Far (re: Debt Bondage Repair Act)

ByEyes on Trafficking News

Among the many forms of abuse and exploitation suffered by trafficking survivors, the hijacking of their credit may not sound – at first – like that big a deal. But the reality is that many survivors report their traffickers used their names to get loans they never paid off, credit cards they owed thousands to,…

CFPB Helps Survivors Mitigate the Financial Consequences of Human Trafficking – Consumer Financial Protection Bureau
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CFPB Helps Survivors Mitigate the Financial Consequences of Human Trafficking – Consumer Financial Protection Bureau

ByEyes on Trafficking News

Today, the Consumer Financial Protection Bureau (CFPB) issued a final rule to help survivors avoid some of the financial consequences of human trafficking. The CFPB has established, among other things, a method for survivors of trafficking to submit documentation to credit reporting companies that identifies any adverse item of information that resulted from human trafficking….