Entities	House Financial Services Committee (66)
Topics and Issues	Fair and Accurate Credit Transactions Act (FACTA) (2) Fair Credit Reporting Act (FCRA) (2)

On May 3, 2003, the Subcommittee on Financial Institutions and Consumer Credit of the U.S. House Financial Services Committee held a hearing, The Importance of the National Credit Reporting System to Consumers and the U.S. Economy.

The hearing started with an Opening Statement from Chairman Spencer Bachus, an Opening Statement from Rep. Paul E. Gillmor, an Opening Statement of Rep.Carolyn Maloney, and an Opening Statement from Representative Rubén Hinojosa.

Online is the Hearing Transcript and the Printed Hearing: 108-26.

Witnesses:

• The Honorable Wayne Abernathy, Assistant Secretary for Financial Institutions, Department of Treasury
• Mr. Michael F. Uffner, President, Chairman and CEO, AutoTeam Delaware, on behalf of the United States Chamber of Commerce
• Mr. Dean Sheaffer, Vice President of Credit, Boscov’s Incorporated, on behalf of the National Retail Federation
• Mr. Michael Turner, President and Senior Scholar, Information Policy Institute
• Mr. Joel R. Reidenberg, Professor of Law, Fordham University
• Mr. Peter P. Swire, Professor of Law, Moritz College of Law, Ohio State University
• Mr. Michael Staten, Director, Credit Research Center, Georgetown University