House subcommittee weighs FCRA changes, CFPB complaint limits
Director Russell Vought faced criticism from Democrats for allegedly making it harder for consumers to file complaints at the CFPB.
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Director Russell Vought faced criticism from Democrats for allegedly making it harder for consumers to file complaints at the CFPB.
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.
Subcommittee Chairman defending current credit framework
Barr's version of this story ↗CFPB Director criticized by Democrats
Committee Chairman mentioned as absent
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