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The Consumer Financial Protection Bureau said states have the flexibility to pass laws invoking consumer reporting that go beyond what federal regulations require, which might affect their local economies and citizens. For example, states can require credit report bureaus to provide material in a language other than English. States can also ask companies to leave “medical debt, evictions, arrest records” off a credit report, as such forms of debt do not reflect credit history and have harmed consumers. The move contrasted with comments by the Office of Comptroller of the Currency, which some states claimed tied their hands when trying to pass any restrictive lending laws for banks in 2008.
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