Post ID 33636

Pr announcements Home Passes Pressley Bill to Reform Cracked Credit Scoring System

Today, the U.S. House of Representatives passed H.R. 3621, the Comprehensive credit scoring Enhancement, Disclosure, Innovation, and Transparency Act of 2020 (“Comprehensive CREDIT Act”), legislation sponsored by Rep. Ayanna Pressley (D-MA), with a vote of 221 to 189.

H.R. 3621 would overhaul the credit system that is reporting empowering customers with an increase of control of their data and needing customer reporting agencies (CRAs) like Equifax, TransUnion, and Experian, to raised make sure that the data on credit rating reports is accurate and complete.

See below for Chairwoman Waters’ floor statement from the bill.

As Ready for Distribution

Mr. Chairman, we rise in strong support of H.R. 3621, the Comprehensive Credit Reporting Enhancement, Disclosure, Innovation, and Transparency Act, legislation sponsored by Representative Ayanna Pressley of Massachusetts today. (more…)