Sec. 1018. Report on credit reporting and student lending
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Not later than 1 year after the date of enactment of this Act, and as frequently thereafter as the Director of the Bureau determines an update is necessary, the Bureau shall submit to the appropriate committees of Congress a report on the impact of postsecondary education loan debt, which shall include an evaluation, analysis, and discussion of— the impact on the credit of borrowers of— the common use of billing groups for postsecondary education loans; the delinquency of 2 or more postsecondary education loans contained in a billing group; and the availability of alternative repayment arrangements for postsecondary education loans; what processes student loan servicers implement in furnishing student loan information to credit reporting agencies; the most effective ways to repair the credit history of a borrower after a default or delinquency under a postsecondary education loan; legislative or regulatory changes the Bureau determines would better assist borrowers under postsecondary education loans; the manner in which information about repayment information about postsecondary education loans is furnished to consumer reporting agencies and the impact on the credit profile and credit score of the borrower when servicing rights for postsecondary education loans are transferred between student loan servicers; and any other topics related to credit reporting of postsecondary education loans the Bureau determines are necessary.
To the extent practicable, the Director of the Bureau shall disaggregate the findings of the report under paragraph
(1)according to race, ethnicity, income level, and geography.