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Consumer Reports/Consumers Union (2)

Demos (1)

House Financial Services Committee (42)

National Consumer Law Center (NCLC) (8)

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In June 2021, the House Financial Services Committee will conduct a hearing, A Biased, Broken System: Examining Proposals to Overhaul Credit Reporting to Achieve Equity.  

On the agenda was H.R.___, Protecting Your Credit Score Act by U.S. Rep. Josh Gottheimer (D-NJ); H.R. ___, National Credit Reporting Agency Act by U.S. Rep. ____ (D-__); and H.R. 4120, the Comprehensive Consumer Credit Reporting Reform Act by U.S. Rep. Ayanna Pressley (D-MA).

Witnesses:

  • Mr. Syed Ejaz, Financial Policy Analyst, Consumer Reports
  • Mr. Jeremie Greer, Co-Founder and Co-Executive Director, Liberation in a Generation
  • Ms. Amy Traub, Associate Director of Policy and Research, Demos
  • Ms. Chi Chi Wu, Staff Attorney, National Consumer Law Center (NCLC)
  • Mr. Dan Quan, Adjunct Scholar, Cato Institute’s Center for Monetary and Financial Alternatives

In advance of the hearing, the majority staff circulated a hearing memo.

CDIA filed a letter with the committee for the hearing.  The National Taxpayers Union (NTU) filed a letter with the committee for the hearing.  The Consumer Bankers Association (CBA)  filed a letter with the committee for the hearing.  The Credit Union National Association (CUNA) filed a letter with the committee for the hearing.