In an op-ed originally appearing on Nov. 8, 2023, in The Hill, NCLC Senior Attorney Chi Chi Wu discusses how the Big Three credit bureaus are trying to convince policymakers that forcing consumers to purchase three credit reports and six scores to get approved for a mortgage is somehow better for consumers than only requiring two reports and four scores.
“What the Big Three are lobbying for is a giant step backward, one that would cost consumers more money and eliminate competition.”
Chi Chi Wu, senior attorney at the National Consumer Law Center
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