Political Quotes

“I thank them for their support. I also want to first thank Senators Lugar and Bond for the efforts they brought forth, along with those on our side, for this important amendment. This amendment will make it a fact of life that individual Americans can more easily access their credit score. I have come to the floor of the Senate on a number of occasions over the last week to push for an important change in the world of credit bureaus and credit reports and now credit scores. A credit score impacts consumers' interest rates, monthly payments on home loans, and can even affect a consumer's ability to buy a car, rent an apartment, and get phone or Internet service. I have been working with Chairman Dodd, the Treasury Department, the Federal Reserve, and other colleagues in the Senate to reach a compromise that will help us achieve those objectives I just outlined. I am very pleased to say I think at this fairly late hour on a Thursday that we have agreed to an approach that will give millions of Americans unsolicited access to their genuine credit score. I have talked about the difference between the score and the report. The report is a valuable tool, but unless people have their score they do not know where they stand. Our bipartisan amendment will build upon existing law and require disclosure of credit scores to consumers whenever their credit score is used against them.…”