Rep. Waters Floats Draft Bill to Rein In Credit Reporting Cos.

"To credit reporting bureaus, consumers aren't consumers. They are commodities," Waters says during the lengthy hearing.

By Elizabeth Festa | February 28, 2019 at 04:00 PM

Rep. Maxine Waters, D-Calif. (Photo: Bloomberg)

House Financial Services Committee Chairwoman Maxine Waters, D-Calif., released draft legislation Tuesday, the Comprehensive Consumer Credit Reporting Reform Act, to ensure that the fallout of breaches, mistakes and problems at the credit reporting companies is not a burden on consumers.

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Data Shows Q1 Bounce for CUs From Q4 Pit: Callahan

By Jim DuPlessis | May 16, 2024

But other data shows a continuing drop in loan originations and weak loan quality.

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Loan Portfolios Shrink for Third Month in a Row

By Jim DuPlessis | May 10, 2024

America's Credit Unions report also shows total car loans fell from their year-ago level, another first since at least 2014.

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Jovia Financial Launches Commercial Lending CUSO

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