Political Quotes

“I want to start by thanking Chairwoman Waters and the House Democratic Caucus for bringing this package of bills to the House Floor, the Comprehensive CREDIT Act, which includes my bill, the Free Credit Scores for Consumers Act. This bill would require the three national consumer reporting agencies to include a free credit score with a consumer's free annual credit report. Under the current law, Mr. Chair, every consumer is entitled to a free annual credit report from the three national credit reporting agencies but not a credit score. It is important for consumers to have free access to the three-digit number that affects so much of their financial lives; yet too many Americans do not actually even know what their credit score is, how it is calculated, or where to find it. This bill would help remedy that problem. Critics may say that consumers can already receive a free credit score online, but what they don't tell them is that these products use your credit data to sell to third parties so they can, in turn, market financial products back to you. This bill allows consumers a one-stop shop to get their credit scores directly from the credit reporting agencies who hold the information that makes up those scores, no strings attached. Moreover, my bill would require more financial literacy information about credit scores and credit reports to be sent to consumers along with these reports.…”