Congress·In Committee·H.R. 7588

House Committee Targets CFPB Complaint Database With New ID, Perjury, and Narrative Rules

Eliminating Fraud in the CFPB’s Complaint Database Act

about 1 month ago·View on Congress.gov

Legislative Progress

House

Senate

President

Law

Key Points

This bill changes how people file complaints about banks, credit card companies, and lenders with the Consumer Financial Protection Bureau. It would require anyone filing a complaint to swear that their information is true under penalty of perjury, meaning they could face legal trouble for lying.
Before you can ask the government for help, you would have to prove that you told the company about the problem at least 60 days in advance. This gives the company two months to try to fix the issue on their own before the government gets involved.
If you have someone else file a complaint for you, they must provide strict proof of their identity, such as a Social Security card, birth certificate, or driver's license. They must also have a signed document from you giving them permission to act on your behalf.
The bill would stop the government from publishing the specific stories or 'narratives' that people write about their bad experiences with companies. While the public could still see general data and trends, the individual details of what happened would be kept private.
Companies would be allowed to close complaints without taking action if they decide the claim is a duplicate, has no facts to back it up, or was filed for a misleading reason. If a company closes a complaint this way, they must tell the government why they did it.

Economy Finance

Impact Analysis

Personal Impact

Who is affectedScoreImpactCertaintyScopeDurationSentiment

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Broader Impacts

DomainScoreShort-termLong-termReversibilityConfidence

Score

Scores: -5 (harmful) to +5 (beneficial)Short-term: 0-2 yearsLong-term: 10-30 years

Milestones

2 milestones2 actions

Feb 17, 2026House

Referred to the House Committee on Financial Services.

Feb 17, 2026

Introduced in House

Related News

2 articles

Bloomberg Law·almost 2 years ago

CFPB Complaint Database Fraud Bill Clears House Panel

Legislation targeting the CFPB’s public complaint portal passed a key committee. The bill would require third-party representatives to provide specific identification, such as a Social Security card or birth certificate, and written authorization from the consumer before filing on their behalf.

Politico·almost 2 years ago

GOP Lawmakers Move to Add Perjury Penalties to CFPB Complaints

House Republicans are pushing a bill that would force consumers to sign their CFPB complaints under penalty of perjury. The move is part of a broader effort to address industry concerns that the database is being flooded with automated or false claims from credit repair organizations.

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Source Information

Document Type

Congressional Bill

Official Title

Eliminating Fraud in the CFPB’s Complaint Database Act

Bill NumberHR 7588

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Financial Services.

Sponsor

Data Sources

Congress.gov

Official legislative information

Analysis generated by AI. Always verify with official sources.