Federal Employee Financial Protection Act of 2026

The Federal Employee Financial Protection Act of 2026 prohibits consumer reporting agencies from including late payment or nonpayment records on credit reports for federal employees who are furloughed or work without pay during government shutdowns. Under this bill, any missed payments made during these periods must be treated as if they were paid on time, effectively shielding affected workers from negative credit reporting. Additionally, the legislation directs the Bureau of Consumer Financial Protection to issue rules enforcing these changes within 30 days of enactment. The bill also expresses a sense of Congress that private lenders should offer payment flexibility, waive late fees, and refrain from reporting adverse credit information for these specific incidents.