Topics and Issues

Public Credit Bureaus (6)

In 2020, the Democratic Party platform included a provision calling for a public credit bureau:

Democrats will expand access to credit by creating a public credit reporting agency to provide a non-discriminatory credit reporting alternative to the private agencies, and will require its use by all federal lending programs, including home lending and student loans. And we will strengthen banking regulations, including the Community Reinvestment Act, to ensure equitable access to credit and banking products for all Americans, and reinvigorate the Consumer Financial Protection Bureau (CFPB) to ensure that banks, financial institutions, and lenders cannot prey on consumers.