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Senior House Republican proposes credit reporting changes

Jul 22, 2019 - American Banker

WASHINGTON - A senior House Republican is proposing to give the Consumer Financial Protection Bureau supervision and examination authority over large credit reporting firms.

Rep. Patrick McHenry, R-N.C., the ranking member of the House Financial Services Committee, has proposed several reforms to the credit reporting industry aimed at improving consumers' access to credit. McHenry is touting his bill as a bipartisan approach to reforming the credit reporting industry, yet the bill had no c...