The system is broken. While the credit scoring system provides us with a foundation, and it allows millions of Americans to access credit quickly and efficiently, the credit reporting system is in need of major repair.
McHenry emphasizes the need for significant improvements in the credit reporting system.
Share
More from Pat McHenry
Workers and families feel the pain, making everyday purchases at high prices in the grocery aisle and at the pump.
We need to get to the bottom of whether or not this is a supervisory problem, a regulatory problem, a bank mismanagement problem, perhaps all three.
Broad and material changes to the Basel III Endgame necessitate a full reproposal. Full stop.
Other voices in this conversation
