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Press announcements Home Passes Pressley Bill to Reform Broken Credit Scoring System

Press announcements Home Passes Pressley Bill to Reform Broken 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 CREDIT that is(“Comprehensive 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 increased control over their information and needing customer reporting agencies (CRAs) like Equifax, TransUnion, and Experian, to higher make sure the data on credit rating reports is accurate and complete.