Eliminating Fraud in the CFPB’s Complaint Database Act

HR 7588, the *Eliminating Fraud in the CFPB’s Complaint Database Act*, requires consumers to verify complaint details under penalty of perjury before submitting complaints to the Consumer Financial Protection Bureau (CFPB). It mandates that complaints must be filed by the consumer directly or by an authorized representative with proof of authorization, and that consumers must notify the business involved at least 60 days prior to filing with the CFPB. Covered businesses (like banks) can close duplicate, frivolous, or unauthorized complaints without further action and must report closures to the CFPB. The bill also ensures confidentiality for narrative complaint content, allowing only aggregated, non-identifiable data to be published publicly.