CFA and the undersigned national consumer organizations express their strong opposition to H.R. 5446 (Royce and Hinojosa), the misleadingly-named “Facilitating Access to Credit Act of 2014.” This bill would unnecessarily allow credit bureaus to be exempt from coverage by the Credit Repair Organizations Act (CROA). This would be a dangerous mistake. CROA is a vital and important consumer protection law. There is no need to weaken CROA to allow the promotion of credit monitoring products that are of dubious value and that have been the subject of highly deceptive marketing as revealed by law enforcement actions and Congress’s own findings.