“AFC strongly supports the introduction of the Ending Scam Credit Repair Act in the Senate and commends Senators Murkowski and Coons for their leadership in advancing this bipartisan legislation. This bill is an important step toward addressing harmful practices that have persisted in the credit repair industry.

“For too long, some credit repair organizations have exploited legal loopholes to charge large upfront fees and make false promises that harm consumers, particularly those who are least able to afford these fees or combat these misleading practices. These actions undermine consumer trust and weaken the broader financial system.

“By closing these loopholes and establishing clearer requirements for how credit disputes are communicated, this legislation will help create a more transparent and fair credit ecosystem, helping both consumers and the responsible innovators who serve them. AFC looks forward to working with Congress to advance policies that protect consumers, promote accountability, and support responsible innovation.”

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