Fair Credit Reporting: 17.1.3 The Surprising Reach of Credit Repair Laws
A signal characteristic of state and federal credit repair laws is their surprising reach. The federal statute includes a broad definition of “credit repair organization” that may apply to credit counseling agencies, debt settlement providers, debt collectors, retail sellers, and other entities that are not traditional credit repair organizations.25 Moreover, many of the federal statute’s prohibitions apply to any person, not just credit repair organizations.26