Debt Bondage Repair Act

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

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…

Credit Reporting Agencies are Failing Human Trafficking Survivors
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Credit Reporting Agencies are Failing Human Trafficking Survivors

Samantha* wants her name on the mortgage for the home she is planning to buy with her partner. It doesn’t seem like too much to ask. She went to college, has a steady six-figure income, and has worked hard to earn this house. But Samantha is a survivor of human trafficking and like many survivors,…

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)

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,…

2022 TIP Report Underscores that Extensive Work is Needed to Improve Global Efforts to Protect People from Human Traffickers
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2022 TIP Report Underscores that Extensive Work is Needed to Improve Global Efforts to Protect People from Human Traffickers

Terry FitzPatrick WASHINGTON – The 2022 U.S. State Department’s annual Trafficking in Persons (TIP) Report, which reviews responses by governments to combat human trafficking and forced labor worldwide, reveals that significant increases in political will and funding are needed to meaningfully improve global efforts to end forced labor and sex trafficking. The 2022 report chronicles…

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

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….

ATEST Input for 2022 TIP Report on U.S. Government Trafficking Efforts
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ATEST Input for 2022 TIP Report on U.S. Government Trafficking Efforts

February 23, 2022 • 2:05 pm • Terry FitzPatrick February 22, 2022 Dr. Kari Johnstone Acting Director U.S. State Department Office to Monitor and Combat Trafficking in Persons (JTIP) RE: Request for Information for the 2022 Trafficking in Persons Report, United States government input (86 FR 70562) Dear Dr. Johnstone: Thank you for the opportunity…

Iowa Man Sentenced to Life for Sex Trafficking
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Iowa Man Sentenced to Life for Sex Trafficking

It’s my privilege to write to you at the start of 2022 and to announce major events to launch Iowa’s observance of “Slavery and Human Trafficking Prevention Month”. We invite you to join the Network Against Human Trafficking and Slavery (NAHT) for these events and thereby join the movement to end human trafficking in Iowa….

New Legislation Provides Survivors with a Path to Financial Freedom
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New Legislation Provides Survivors with a Path to Financial Freedom

Lana’s* trafficker put all the credit cards in her name. So when he skipped out on hotel bills, and defaulted on the car payment, it went straight to her credit report. She thought they were in love and she didn’t mind helping out in the beginning – since his credit was bad. But she slowly came to understand that the relationship was abusive, and she needed to break free. That part was hard enough. What she wasn’t counting on was how difficult it would be to rebuild her life – including her finances. She couldn’t even rent an apartment with a credit history like that. And until recently, there was no clear pathway for getting her credit cleaned up.