H.R. 435 Reduces Consumer Control over Personal Data collected by Equifax, Experian, and TransUnion
Boston – Today, the Financial Services Committee of the U.S. House of Representatives voted to approve a bill that strips some of the few privacy rights that consumers have in deciding whether their information is sent to credit bureaus like Equifax.
“Given the angst that members of Congress expressed at the Equifax Congressional hearings over the lack of control consumers have when it comes to the credit bureaus, it is ironic that the House Financial Services Committee has just passed a bill that will actually reduce consumers’ ability to have a say over their own data,” said National Consumer Law Center staff attorney Chi Chi Wu. “They passed this bill despite the opposition of 40 consumer, civil rights, and other advocacy groups.”