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

Pr announcements Home Passes Pressley Bill to Reform Cracked Credit Rating 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), by 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 requiring customer reporting agencies (CRAs) like Equifax, TransUnion, and Experian, to higher make sure that the info on credit rating reports is accurate and complete.