Sean Patrick Maloney: “This is a strong bipartisan product that will benefit consumers as well as the entire U.S. economy. It will help the…”

“This is a strong bipartisan product that will benefit consumers as well as the entire U.S. economy. It will help the market to function more efficiently, and as an example of this bipartisanship, I am very pleased that it was the wisdom of the Committee on Financial Services to include my amendment in Section 509. This amendment requires clear and conspicuous disclosure of credit card companies' ability to raise a customer's interest rate even though the customer makes all of their payment on time. This bill makes groundbreaking advances in fighting ID theft and in providing new rights to make sure the information on credit reports is accurate, allows free credit reports, access to credit scores, and protections for medical record. I believe this amendment is critically important. All the consumer protections in this bill are the result of the current sunset which forced Congress to reexamine the FCRA before the end of the year. I urge my colleagues to support this legislation because it is incredibly important to the economy.”