U.S. citizens would get shielded from negative credit reporting for the duration of the new coronavirus crisis, under legislation introduced by Senate Democrats.
The bill introduced March 17 by Sens. Brian Schatz (D-Hawaii) and Sherrod Brown (D-Ohio) would provide a blanket moratorium on negative consumer credit reports liked missed rent or mortgage payments or electric bills for at least several months.
“During these uncertain economic times, Americans shouldn’t have to worry about their credit scores as they work to make ends meet,” Brown said in a statement.
The Schatz and Brown bill would put the moratorium from Jan. 31, the...