House subcommittee weighs FCRA changes, CFPB complaint limits
Congressman Andy Barr defended the current credit reporting framework and promoted legislation to limit fraudulent CFPB complaints.
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Congressman Andy Barr defended the current credit reporting framework and promoted legislation to limit fraudulent CFPB complaints.
A House subcommittee debated Republican-led bills to reform the Fair Credit Reporting Act, aiming to cap litigation damages and limit CFPB complaints to reduce 'credit washing,' while Democrats and consumer advocates warned these changes would shield credit bureaus from accountability.
CFPB Director criticized by Democrats
Committee Chairman mentioned as absent
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