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On Tuesday, June 29, 2021, at 10:00 a.m. (ET) full Committee Chairwoman Waters and Ranking Member McHenry will host a hybrid hearing entitled, “A Biased, Broken System: Examining Proposals to Overhaul Credit Reporting to Achieve Equity."
Witnesses for this one-panel hearing will be:
• Mr. Syed Ejaz, Financial Policy Analyst, Consumer Reports
• Mr. Jeremie Greer, Co-Founder and Co-Executive Director, Liberation in a Generation
• Ms. Amy Traub, Associate Director of Policy and Research, Demos
• Ms. Chi Chi Wu, Staff Attorney, National Consumer Law Center (NCLC)
• Mr. Dan Quan, Adjunct Scholar, Cato Institute’s Center for Monetary and Financial Alternatives
Overview
The U.S. credit reporting system is unique because it relies on consumer data for use and profit by private companies. In contrast, the consumer relies on a credit score and report for many aspects of life. Credit scores and credit reports are increasingly relied upon by creditors and employers, housing providers, insurers, and even law enforcem…
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