WASHINGTON, Oct. 28 -- Consumer Financial Protection Bureau has issued a rule called: Fair Credit Reporting Act; Preemption of State Laws.
The rule was published in the Federal Register on Oct. 28 by Russell Vought, Acting Director, Consumer Financial Protection Bureau.
Summary: The Consumer Financial Protection Bureau (Bureau) is issuing this interpretive rule to clarify that the Fair Credit Reporting Act (FCRA) generally preempts State laws that touch on broad areas of credit reporting, consistent with Congress's intent to create national standards for the credit reporting system. This interpretive rule replaces a July 2022 interpretive rule that the Bureau withdrew in May 2025.
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