House Financial Services Committee (9)

Topics and Issues

Accuracy (12)

Credit checks for employment (1)

Credit scores (3)

Data Suppression (15)

Disputes (6)

Student loans (1)

With the support of U.S. Rep. Maxine Waters (D-CA), chair of the House Financial Services Committee, U.S. Rep. Ayanna Pressley (D-MA) introduced H.R. 3621, the Comprehensive CREDIT Act of 2020.  CDIA strongly objects to this legislation and as part of the effort to prevent the bill from passing, CDIA authored a letter to Chair Waters and the Ranking Member, Patrick McHenry (R-NC); and a letter to Majority Leader Steny Hoyer (D-MD) and Minority Leader Kevin McCarthy (R-CA).

The bill passed the House of Representatives in January 2020 on a largely partisan margin of 221-189.  Chairperson Waters issued a press release announcing the bill’s passage, House Passes Pressley Bill to Reform Broken Credit Reporting System.

Committee markup (Dec. 10, 2020).

Committee report 116-331.

Committee print 116-47.