Political Quotes

“Credit and consumer reports that often contain errors are increasingly an obstacle for many of our residents from meeting their basic needs. Victims of financial abuse and fraud, or those strapped with medical debt, are regularly denied access to employment, housing, and transportation because of their credit history. Our neighbors should not have to go without basic necessities because they fell victim to fraudulent activity or predatory lenders. Survivors of domestic abuse, for instance, do not deserve to have debt resulting from the abuse of their credit report. Medical debt should not prevent someone from securing shelter or an education. That is why I am reintroducing the Restoring Unfairly Impaired Credit and Protecting Consumers Act to provide credit restoration for victims of predatory lending, fraud, and other financial abuse; prohibiting the reporting of medical debt; and to reduce the length of time that adverse information appears on credit reports from 7 down to 4 years. Economists say 7 years is not a good indicator. Many of the residents, especially in our districts, will tell you that reducing it down to 4 years can be transformative for their families. Mr. Speaker, I urge my colleagues to please support this bill. Recognizing the 1-Year Anniversary of the Mamas' Caucus”