House Financial Services Committee Chair Maxine Waters (D-CA) vowed action against Equifax following news reports accusing the credit bureau of providing inaccurate credit reports.
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The U.S. House Committee on Financial Services considered legislation that would amend the Fair Credit Reporting Act for the purpose of mitigating biases in credit reporting.
The U.S. House Financial Services Subcommittee on Oversight and Investigations considered testimony from three nationwide consumer reporting agencies on their compliance with the Fair Credit Reporting Act and the accuracy of credit reports.
The U.S. House Financial Services Committee passed legislation to advance racial equity in the financial system, improve consumer protections against abusive debt collection practices and enhance public company disclosures.
The U.S. House Financial Services Committee considered 26 bills that are intended to remove barriers and biases that limit access to (i) capital, credit and financial services, (ii) fair housing and homeownership, and (iii) leadership opportunities in executive ranks and on boards.