Google+
Home | Daily Dose | Rep. Waters Proposes Comprehensive Credit System Reform
Print This Post Print This Post

Rep. Waters Proposes Comprehensive Credit System Reform

Frozen Credit BHRep. Maxine Waters (D-California), Ranking Member of the House Financial Services Committee, has introduced a bill that would completely overhaul the American credit reporting system that builds on a draft proposal she made in September 2014.

Waters’ goal with the “Comprehensive Consumer Credit Reporting Reform Act of 2016,” H.R. 5282, is to make the credit reporting system “fairer, more accurate, and less confusing” for consumers. Consumer credit reporting agencies currently maintain files for about 200 million American adults; these reports are used by most creditors to determine whether or not to extend credit to consumers, especially for major purchases such as a mortgage—and if so, on what terms. Credit reports are often used by employers and landlords for non-credit decisions also.

According to Waters, about 40 million Americans (approximately one-fifth of consumers with a credit report) have credit reports that contain errors, and the process for getting those errors corrected can be very difficult. The legislation proposed by Waters would end the “onerous burdens unfairly imposed on consumers” to correct errors in their credit reports.

Maxine Waters

Maxine Waters

“American consumers are increasingly reliant on credit information that is used to determine their ability to buy a house, open a checking account, or even get a job,” Waters said. “We’ve all heard the horror stories about the serious problems with credit reporting practices that unjustly restrict so many people’s economic opportunities.”

The key points of Waters’ proposed legislation include:

  • Protecting the credit standing of consumers who have been victims of predatory and abusive practices related to foreclosures caused by discriminatory loans
  • Shifting the burden of proof from consumers to credit bureaus and furnishers to prove the accuracy and completeness of credit information during the dispute process
  • Shortening the time that most adverse credit information stays on credit reports down to four years, and quickly removing settled or paid debts.

“I believe it is also time to shine light into the mysterious ‘black boxes’ that generate credit scores and give victims, who are saddled with poor credit because of predatory and unfair practices, the chance for a fresh start,” Waters said. “This bill will bring much-needed accountability to the credit reporting industry, which will enhance consumer and creditor confidence in the integrity of information on reports and restore fairness in the system.”

For more information, view the legislation, an executive summary, and an extended summary.

About Author: Brian Honea

Brian Honea
Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.

446 comments

  1. Pingback: Rep. Waters Proposes Comprehensive Credit System Reform - Appraisal Buzz

  2. Pingback: Rep. Waters Proposes Comprehensive Credit System Reform - Brokers TitleBrokers Title

  3. Pingback: cnwy54wy54wy54wy5435te4c5t34

  4. Pingback: alcohol test

  5. Pingback: دانلود شهرزاد قسمت هشتم فصل دوم

  6. Pingback: دانلود شهرزاد قسمت نهم فصل دوم

  7. Pingback: قیمت پنجره

  8. Pingback: 3tnxyc3ut5x45wmtcy5454tnc3c

  9. Pingback: anal sex

  10. Pingback: دانلود قسمت 10 شهرزاد دوم

  11. Pingback: دانلود قسمت ششم فصل دوم شهرزاد

  12. Pingback: دانلود قسمت هفدهم عاشقانه

  13. Pingback: Anna Bell Peaks

  14. Pingback: دانلود قسمت چهارده عاشقانه

  15. Pingback: دانلود قسمت سیزده عاشقانه

  16. Pingback: Angela White

  17. Pingback: Christy Mack

  18. Pingback: Peta Jensen

  19. Pingback: Michelle Martinez

  20. Pingback: hampton bay ceiling fan blog

  21. Pingback: kazikçi sosyalmarketim

  22. Pingback: Ana Foxxx

  23. Pingback: دانلود فصل دوم شهرزاد

  24. Pingback: دانلود قسمت هفتم فصل دوم شهرزاد

  25. Pingback: Free Stuff Worldwide

  26. Pingback: lesbian porn

  27. Pingback: MRO

  28. Pingback: online casinos

  29. Pingback: دانلود قسمت پنجم شهرزاد دوم

  30. Pingback: دانلود قسمت دوازدهم عاشقانه

  31. Pingback: دانلود قسمت سوم شهرزاد دوم

  32. Pingback: دانلود قسمت یازدهم شهرزاد دوم

  33. Pingback: 917 d2 driver australia

  34. Pingback: videos porno

  35. Pingback: porno

  36. Pingback: videos porno

  37. Pingback: porno gratis

  38. Pingback: porno gratis

  39. Pingback: porno gratis

  40. Pingback: porno

  41. Pingback: آموزش ساخت پنجره دوجداره

  42. Pingback: mysql support

  43. Pingback: فروش پنجره دو سه جداره

  44. Pingback: how to make a aries man want you again

  45. Pingback: پنجره دوجداره وین تک ویستابست

  46. Pingback: Acne Facial Treatments Coral Springs

  47. Pingback: Acne Facial Treatments Lazy Lake

  48. Pingback: Facial Spa Services Wilton Manors

  49. Pingback: Facial Spa Services Lauderdale-by-the-Sea

  50. Pingback: دانلود موزیک

  51. Pingback: پنجره

  52. Pingback: دانلود قسمت ششم شهرزاد دوم

  53. Pingback: gamble bitcoin

  54. Pingback: Roof Repair Long Island

  55. Pingback: porn

  56. Pingback: hotel room booking sites

  57. Pingback: free zynga poker chips

  58. Pingback: St. Louis Photographers

  59. Pingback: دانلود قسمت هفتم شهرزاد

  60. Pingback: پنجره دوجداره

  61. Pingback: Poker Online

  62. Pingback: coin-banks exchange

  63. Pingback: bitcoin investment coin-banks

  64. Pingback: bitcoin investment coin-banks

  65. Pingback: bitcoin trading

  66. Pingback: Porn World

  67. Pingback: bitcoin hft

  68. Pingback: bitcoin trading

  69. Pingback: reussir

  70. Pingback: دانلود قسمت هشتم شهرزاد دوم

  71. Pingback: mdansby software

  72. Pingback: anime series

  73. Pingback: دانلود شهرزاد قسمت 15 پانزده

  74. Pingback: پنجره دو سه جداره

  75. Pingback: clash royale fast hack

  76. Pingback: http://www.www.vancouverbootstrappers.com/profile/kxjcorey3

  77. Pingback: https://mootools.net/forge/profile/meditus1

  78. Pingback: Social Media Marketing

  79. Pingback: free blazing

  80. Pingback: Roof Repair Long Island

  81. Pingback: 16 دانلود سریال شهرزاد

  82. Pingback: Furnace repair

  83. Pingback: دانلود فیلم

  84. Pingback: دانلودسریال عالیجناب قسمت دوم

  85. Pingback: 食品

  86. Pingback: work from home

  87. Pingback: saiba como consultar cpf

  88. Pingback: article source

  89. Pingback: political polls

  90. Pingback: Gazebos for hire in London

  91. Pingback: قیمت پنجره دوجداره

  92. Pingback: دانلود

  93. Pingback: پنجره دوجداره وین تک

  94. Pingback: دانلود فیلم

  95. Pingback: فروش توری پنجره دوجداره

  96. Pingback: شرکت تولیدی پنجره دوجداره

  97. Pingback: stock market tips

  98. Pingback: gratis annonser dt

  99. Pingback: Limo Vancouver BC

  100. Pingback: poursuivre la lecture

  101. Pingback: buy home

  102. Pingback: دانلود فیلم با کیفیت

  103. Pingback: دانلود فیلم سریال

  104. Pingback: Double

  105. Pingback: تعویض پنجره دوجداره

  106. Pingback: how to buy bitcoins

  107. Pingback: upvc

  108. Pingback: دانلود فیلم

  109. Pingback: پنجره دوجداره

  110. Pingback: قیمت پنجره دوجداره

  111. Pingback: gernas kids

  112. Pingback: پنجره دوجداره

  113. Pingback: پنجره دوجداره

  114. Pingback: https://buyweednowonline.ca/

  115. Pingback: SEO consultants London

  116. Pingback: drugs

  117. Pingback: instagramda sex izle

  118. Pingback: مشاوره کسب و کار اینترنتی

  119. Pingback: Mitch McConnell

  120. Pingback: Surrey Limo

  121. Pingback: site web

  122. Pingback: seomarketing.JouwStartOnline.nl

  123. Pingback: https://issuu.com/jamesmichaelsmith

  124. Pingback: showerhead high pressure

  125. Pingback: walmart1

  126. Pingback: ed sheeran tour

  127. Pingback: window

  128. Pingback: karaj

  129. Pingback: دانلود

  130. Pingback: دانلود فیلم اکسیدان

  131. Pingback: united concordia dental

  132. Pingback: Nursery Rhymes

  133. Pingback: Yakima Business

  134. Pingback: her explanation

  135. Pingback: Blog

  136. Pingback: پنجره دوجداره

  137. Pingback: دانلود

  138. Pingback: پنجره

  139. Pingback: قیمت پنجره دوجداره

  140. Pingback: aliexpress dropshipping websites

  141. Pingback: Bad Doctor

  142. Pingback: http://www.nickclarke-vocalist.co.uk/members/humorclam9/activity/171846/

  143. Pingback: Web Design

  144. Pingback: garden

  145. Pingback: Josh

  146. Pingback: Finger Family Song

  147. Pingback: slimming pants

  148. Pingback: unique

  149. Pingback: mens hairstyles

  150. Pingback: maintenance

  151. Pingback: live sex cams

  152. Pingback: Low cost Kitchen & Bathroom remodeling contractor Montclair

  153. Pingback: programa de restauração auditiva comprar

  154. Pingback: dip bowls

  155. Pingback: دانلود فیلم

  156. Pingback: best casinos online

  157. Pingback: bowl

  158. Pingback: We Buy Houses Cash

  159. Pingback: download movie

  160. Pingback: download movie

  161. Pingback: window

  162. Pingback: garden

  163. Pingback: پنجره دوجداره

  164. Pingback: make money online

  165. Pingback: carte grise en ligne

  166. Pingback: read now

  167. Pingback: Agen Bola

  168. Pingback: Watch movie for free

  169. Pingback: brazilian butt lift surgery in Houston

  170. Pingback: vape mods

  171. Pingback: vape pen

  172. Pingback: cheap jordans china

  173. Pingback: huge blackhead

  174. Pingback: دانلود فیلم نهنگ عنبر 2

  175. Pingback: car shipping companies

  176. Pingback: Elvis Presley Impersonators

  177. Pingback: Bandar Togel

  178. Pingback: free solution manuals pdf download

  179. Pingback: learn colors balls

  180. Pingback: payday loans

  181. Pingback: Togel Online

  182. Pingback: click terminal

  183. Pingback: پنجره

  184. Pingback: love compatibility gemini capricorn

  185. Pingback: see

  186. Pingback: پنجره دوجداره

  187. Pingback: usuwanie dpf

  188. Pingback: آینه بغل

  189. Pingback: دانلود شهرزاد فصل دوم

  190. Pingback: دانلود سریال شهرزاد

  191. Pingback: Breastfeeding scarf

  192. Pingback: mature porn pics

  193. Pingback: Booster seat cover

  194. Pingback: Infant car seat canopy

  195. Pingback: gosexy.mobi

  196. Pingback: Solde Canada Goose

  197. Pingback: real caller blackberry

  198. Pingback: Breastfeeding scarf

  199. Pingback: SkinAlley

  200. Pingback: read more

  201. Pingback: Deal Feed

  202. Pingback: Ausgesperrt

  203. Pingback: Judi Bola Online

  204. Pingback: Tembok Kuning

  205. Pingback: maxima investments

  206. Pingback: Visit Website

  207. Pingback: my free cams

  208. Pingback: porn movie

  209. Pingback: پنجره

  210. Pingback: فیلم نهنگ عنبر

  211. Pingback: free pay online

  212. Pingback: boymorgaitrop

  213. Pingback: دانلود

  214. Pingback: link

  215. Pingback: buy hacklink

  216. Pingback: ΘΕΣΣΑΛΟΝΙΚΗ ΞΕΝΟΔΟΧΕΙΑ

  217. Pingback: فروش لینک

  218. Pingback: Oddsmonkey

  219. Pingback: best online astrology predictions free

  220. Pingback: beer coasters

  221. Pingback: Oddsmonkey

  222. Pingback: Oddsmonkey

  223. Pingback: Oddsmonkey

  224. Pingback: Oddsmonkey

  225. Pingback: Oddsmonkey

  226. Pingback: Oddsmonkey

  227. Pingback: WalmartOne Login

  228. Pingback: marks and spencer promo codes

  229. Pingback: www.consumerhealthdigest

  230. Pingback: consumerhealthdigest.com/sleep-aid-reviews/somulin.html

  231. Pingback: omega xl review

  232. Pingback: menoquil

  233. Pingback: دانلود فیلم نهنگ عنبر

  234. Pingback: Business

  235. Pingback: رگ خواب

  236. Pingback: avakin life hack

  237. Pingback: Jueza Berdion de Crudo

  238. Pingback: Hakukoneoptimointi Espoo

  239. Pingback: yDrone Applications in Oil and Gas

  240. Pingback: covers accessories

  241. Pingback: duvporn.com

  242. Pingback: ghost stories

  243. Pingback: Radhe Maa

  244. Pingback: news baba ram rahim

  245. Pingback: Recommended Reading

  246. Pingback: Bitcoin

  247. Pingback: walmartone

  248. Pingback: Livre Les Accros Du Paléo pdf avis Gratuit ebook

  249. Pingback: http://www.zippyshare.com/vatigo4335

  250. Pingback: 12 Inch Hot Red Veined Waterproof Jr. Double Dong

  251. Pingback: recycle old computers

  252. Pingback: it recycling companies

  253. Pingback: payday loans

  254. Pingback: Arvind Pandit

  255. Pingback: pornwik.com

  256. Pingback: computer disposal southampton

  257. Pingback: Tri-Cities Water Damage with Cell Phone

  258. Pingback: اغاني عربية

  259. Pingback: weblink

  260. Pingback: Yahoo Finance

  261. Pingback: desi serial

  262. Pingback: linked here

  263. Pingback: mspy review

  264. Pingback: deparazitare aer conditionat

  265. Pingback: Peter Schatzberg

  266. Pingback: how to make boobs bigger

  267. Pingback: josep maria mainat español

  268. Pingback: bunk bed singapore

  269. Pingback: Schlüsseldienst Köln

  270. Pingback: Laser Dentistry in El Cajon

  271. Pingback: credit ranges

  272. Pingback: walmart1

  273. Pingback: programas de ventas gratis

  274. Pingback: Yöresel Antep Fıstık Ezmesi

  275. Pingback: walmartone

  276. Pingback: payday loan

  277. Pingback: Prince Frank VON ANHALT-Nassau

  278. Pingback: adult toys

  279. Pingback: momschips

  280. Pingback: free google blackhat methods

  281. Pingback: google cheat free

  282. Pingback: cheap snapbacks

  283. Pingback: google cheat

  284. Pingback: discounts

  285. Pingback: caffeine in tea

  286. Pingback: Proper Order

  287. Pingback: michael kors outlet

  288. Pingback: anthony morrison

  289. Pingback: just click the next web page

  290. Pingback: accessori per bici da corsa

  291. Pingback: mk bags australia

  292. Pingback: satin al

  293. Pingback: matthew pillmore

  294. Pingback: kitchen tool set steel

  295. Pingback: Flights to London Gatwick

  296. Pingback: best free porn sites

  297. Pingback: best porn site

  298. Pingback: spin io

  299. Pingback: porno

  300. Pingback: 8 ball pool long line

  301. Pingback: varmepumper

  302. Pingback: porn list

  303. Pingback: buy instagram porn

  304. Pingback: quotes

  305. Pingback: vakantiepark hochsauerland

  306. Pingback: online casino games

  307. Pingback: free india porn videos

  308. Pingback: bitcoin

  309. Pingback: midwestern-folk-art.com

  310. Pingback: mobida2.com

  311. Pingback: alkomaty-sklep.com

  312. Pingback: Small dick & Big Boobs

  313. Pingback: free porn sites

  314. Pingback: shemale

  315. Pingback: homemade porn sites

  316. Pingback: best free porn sites

  317. Pingback: best free porn

  318. Pingback: Jogos Kizi

  319. Pingback: australia-michaelkors.rodinmath.com

  320. Pingback: buy blueray porn hd

  321. Pingback: Office website

  322. Pingback: Ethereum

  323. Pingback: HD PORN MOVIES DOWNLOAD

  324. Pingback: woods in Cordoba

  325. Pingback: Paypal casino

  326. Pingback: walmartone

  327. Pingback: cases & covers

  328. Pingback: walmartone

  329. Pingback: hop over to these guys

  330. Pingback: try this website

  331. Pingback: BEST IPTV

  332. Pingback: check my blog

  333. Pingback: review

  334. Pingback: review

  335. Pingback: excel

  336. Pingback: fake gucci shoes

  337. Pingback: excel guide

  338. Pingback: video excel

  339. Pingback: skin lightening

  340. Pingback: xxx porn

  341. Pingback: 86outdoor.com

  342. Pingback: wedding gowns toronto

  343. Pingback: دانلود اینه بغل

  344. Pingback: dedicated servers

  345. Pingback: moving companies seattle

  346. Pingback: bitcoin

  347. Pingback: Limos

  348. Pingback: Our Limousine service Vancouver BC office

  349. Pingback: sochinagoods shop

  350. Pingback: Awesome Chrome Extensions 2018

  351. Pingback: vermiculite

  352. Pingback: divorce lawyer

  353. Pingback: tv box

  354. Pingback: drone-works.com

  355. Pingback: matthew pillmore

  356. Pingback: Fake Ray Ban Sunglasses

  357. Pingback: jake burgess

  358. Pingback: home owners insurance quotes

  359. Pingback: china-hardware-shop.com

  360. Pingback: Removal

  361. Pingback: bankruptcy lawyers

  362. Pingback: licensed moneylender

  363. Pingback: licensed moneylender

  364. Pingback: secrets of million dollar graphic designers

  365. Pingback: buy hemp oil online

  366. Pingback: מזוזות בלוד

  367. Pingback: מזוזוה כשרה

  368. Pingback: cbd oil balm

  369. Pingback: buy pure cbd oil

  370. Pingback: home owners insurance

  371. Pingback: coupon code

  372. Pingback: Home insurance rates by zip code calculator

  373. Pingback: website redesign

  374. Pingback: dos games

  375. Pingback: mobilporn

  376. Pingback: progressive auto insurance login

  377. Pingback: pewność siebie

  378. Pingback: the hartford auto insurance

  379. Pingback: Los Angeles Escorts

  380. Pingback: geico quote auto insurance

  381. Pingback: allstate car insurance quotes

  382. Pingback: شهرزاد

  383. Pingback: xyz軟體王

  384. Pingback: Cheap Ray Bans

  385. Pingback: phen375 offers

  386. Pingback: life insurance plans for seniors

  387. Pingback: mp3

  388. Pingback: glutathione

  389. Pingback: online loans fast cash

  390. Pingback: Bitcoin

  391. Pingback: Ethereum

  392. Pingback: concurseiro

  393. Pingback: over here

  394. Pingback: Buy Viagra Online

  395. Pingback: here

  396. Pingback: cell phone repair store

  397. Pingback: cazzo grosso

  398. Pingback: emp jammer

  399. Pingback: pilule bleu pour bander

  400. Pingback: ice totally gaming

  401. Pingback: love

  402. Pingback: buy china goods

  403. Pingback: 迪士尼

  404. Pingback: Free PlayStation codes

  405. Pingback: pirater un compte facebook

  406. Pingback: Navision NAV

  407. Pingback: Mainostoimisto

  408. Pingback: دانلود شهرزاد سوم

  409. Pingback: Mend the Marriage

  410. Pingback: ABOGADO ESPECIALISTA en CONSUMO

  411. Pingback: click this

  412. Pingback: Tony Robbins UK

  413. Pingback: tania

  414. Pingback: instagram hack

  415. Pingback: opthamologists-online

  416. Pingback: customize your own shirt cheap

  417. Pingback: here

  418. Pingback: 15 Minute Manifestation Reviews

  419. Pingback: www.onlinelogins.com

  420. Pingback: PayPal Login

  421. Pingback: best womens bike helmet

  422. Pingback: her latest blog

  423. Pingback: http://helios7blog.wordpress.com/2017/10/02/top-travel-destinations-around-the-world-sep-2017/

  424. Pingback: best porno

  425. Pingback: My TLC Best Buy Login

  426. Pingback: Read Full Article

  427. Pingback: دانلود شهرزاد قسمت سوم فصل سوم

  428. Pingback: شهرزاد سوم

  429. Pingback: دانلود شهرزاد قسمت چهارم

  430. Pingback: http://www.authorstream.com/texassports3/

  431. Pingback: stick fight

  432. Pingback: melasma treatment

  433. Pingback: Badsanierung Stuttgart

  434. Pingback: christian louboutin boots

  435. Pingback: http://sydneynewbornphotographysite.postbit.com/the-actual-importance-of-pre-natal-and-newborn-photographs.html

  436. Pingback: http://www.gofaberlic.com/index.php?option=com_k2&view=itemlist&task=user&id=492485

  437. Pingback: pornsites

  438. Pingback: http://2ch-ranking.net/redirect.php?url=http://www.sklepy24.pl/forum/labbb-m232326.html

  439. Pingback: cara bermain judi dadu android

  440. Pingback: published here

  441. Pingback: Moriah Mills Bathtub Sex

  442. Pingback: add business listing

  443. Pingback: Withdraw Bitcoin to Bank Account

  444. Pingback: right here

  445. Pingback: Sutton Coldfield

  446. Pingback: click here

Leave a Reply

Scroll To Top