Political Quotes

“The inclusion of credit scores on the free annual credit report is an issue that my colleague from Tennessee and I have worked on for several Congresses. Under current law, all consumers are entitled to a free annual report from the three credit reporting agencies. However, despite providing consumers with all of the information that makes up their credit scores, the free annual report does not actually include a credit score. That needs to change. Adoption of this amendment would do just that. I want to thank Chairwoman Waters for working with us. I also want to share that financial literacy is a lifelong journey, and as co-chair of the Financial and Economic Literacy Caucus, I believe that knowledge of one's own credit score is essential. There are few three-digit numbers as important to consumers as their credit score. Despite the importance, nearly 60 percent of U.S. adults are unaware of what their score is. Whether applying for a home or an auto loan, applying for a line of credit or a credit card, or even applying for a job, undoubtedly, a credit score plays an integral role in the everyday financial lives of all Americans. I am asking and urging my colleagues to support this important amendment.”