THE COMPREHENSIVE CONSUMER CREDIT REPORTING REFORM ACT

An Overhaul of Our Credit Reporting System May Soon Be a Reality

There is bi-partisan support to revamp credit reporting in the United States. If California Representative and Financial Services Chairwoman, Maxine Walters, has her way, credit reporting would be consumer-friendly. Water seeks to remove negative items from credit reports in four years instead of seven.  She’d also like to see all bankruptcies removed in seven years …

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