I think they can be very severe. We have seen situations where background reports and credit reports have actually blocked people from getting an apartment or a job because they are falsely matched with someone else.
Foster emphasizes the serious consequences of credit reporting errors.
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Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.
This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.
I thank Chair Waters for yielding. Mr. Chair, I rise in opposition to this bill. I am encouraged by the dialogue and collaboration that has taken place between the House Financial Services Committee and the House Ag Committee on this bill…
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