An amendment proposed to the bill to overhaul the Dodd-Frank Wall Street Reform and Consumer Protection Act would prohibit lawsuits against the credit bureaus.

Sen. Mike Crapo (R-Idaho), the main sponsor of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, has proposed an amendment to the bill.

The amendment would offset some of the new requirements for the three major credit reporting companies — Equifax, Experian and TransUnion.

Source: Mortgage Daily