Eliminating Fraud in the CFPB’s Complaint Database Act
Referred to the House Committee on Financial Services.
Summary
The bill makes anyone filing a complaint with the Consumer Financial Protection Bureau attest under penalty of perjury that the information is true, that they are the consumer or an authorized representative, and that the consumer gave the company at least 60 days notice of the problem. It also lets the company receiving the complaint close filings that are duplicate, frivolous, unauthorized, or fraudulent, and requires the bureau to keep the complaint text private while only publishing aggregated data.
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