![]() ![]() The CFPB announced it will issue guidance and coordinate enforcement efforts with the FTC to ensure accurate information in the credit reporting system and to hold background check companies accountable for having unreasonable procedures.The two agencies will seek information on a broad range of practices that affect the rental market, including the creation and use of tenant background checks, the use of algorithms in tenant screenings, the provision of adverse action notices by landlords and property management companies, and how an applicant’s source of income factors into housing decisions. This is the first time the FTC has issued a request for information exploring unfair practices in the rental market. The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB), both independent agencies, announced they will collect information to identify practices that unfairly prevent applicants and tenants from accessing or staying in housing in order to inform enforcement and policy actions under each agency’s jurisdiction.The Blueprint lays out a set of principles to drive action by the federal government, state and local partners, and the private sector to strengthen tenant protections and encourage rental affordability. These actions align with a new Blueprint for a Renters Bill of Rightsthat the Administration is also releasing today. Today, the Biden-Harris Administration is announcing new actions to increase fairness in the rental market and further principles of fair housing. Get Involved Show submenu for “Get Involved””Īdministration also launches Resident-Centered Housing Challenge, a call-to-action to improve the quality of life for renters.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””. ![]()
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