Today, the U.S. House of Representatives passed H.R. 3621, the Comprehensive credit scoring Enhancement, Disclosure, Innovation, and Transparency Act of 2020 CREDIT that is(“Comprehensive Act), legislation sponsored by Rep. Ayanna Pressley (D-MA), by way of a vote of 221 to 189.
H.R. 3621 would overhaul the credit reporting system by empowering customers with additional control of their information and needing customer reporting agencies (CRAs) like Equifax, TransUnion, and Experian, to raised make certain that the data on credit rating reports is accurate and complete.
See below for Chairwoman Waters’ floor statement regarding the bill.
As Prepared for Distribution
Mr. Chairman, we increase today in strong help of H.R. 3621, the Comprehensive Credit Reporting Enhancement, Disclosure, Innovation, and Transparency Act, legislation sponsored by Representative Ayanna Pressley of Massachusetts. This package of bills develops upon reforms that people in the Financial solutions Committee have already been developing for a number of Congresses. Continue reading Press Releases House Passes Pressley Bill to Reform Cracked Credit Rating System