Chi Chi Wu’s testimony before the U.S. House of Representatives Committee on Financial Services Subcommitee on Oversight and Investigations.
NCLC has long advocated for stronger laws and regulation to ensure accuracy and fairness in the U.S. credit reporting system and to reform Equifax, Experian and TransUnion, known as the nationwide consumer reporting agencies under the Fair Credit Reporting Act (FCRA) and colloquially as “credit bureaus.” It’s been two years since I last testified before the full House Financial Services Committee about this very same topic and the situation has only gotten worse. The same problems and abuses continue to inflict harms on consumers.