Testimony Before the Subcommittee on Financial Institutions of the House Financial Services Committee Opposing Harmful Fair Credit Reporting Act Amendments
This NCLC testimony oppose 4 bills discussed at a hearing entitled “Promoting Access to Credit for Everyday Americans”. The bills are giveaways to the Big Three credit bureaus, touted as helping consumers but actually benefiting industry while harming everyday people. H.R. 5775, the FCRA Liability Harmonization Act, would dramatically reduce accountability for credit bureaus and…