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

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 reporting system by empowering customers with additional control of their data and requiring customer reporting agencies (CRAs) like Equifax, TransUnion, and Experian, to higher make sure that the information and knowledge on credit rating reports is accurate and complete.

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

As Ready for Distribution

Mr. Chairman, we increase in strong support of H.R. 3621, the Comprehensive Credit Reporting Enhancement, Disclosure, Innovation, and Transparency Act, legislation sponsored by Representative Ayanna Pressley https://besthookupwebsites.net/milfaholic-review/ of Massachusetts today.