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 an increase of control over their information and needing consumer 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 Delivery
Mr. Chairman, I increase today in strong help of H.R. 3621, the Comprehensive credit scoring Enhancement, Disclosure, Innovation, and Transparency Act, legislation sponsored by Representative Ayanna Pressley of Massachusetts. […]