“Biden will create a new public credit reporting and scoring division within the Consumer Financial Protection Bureau to provide consumers with a government option that seeks to minimize racial disparities” – The Biden Plan To Build Back Better
Lost and unnoticed in the drama and vitriol of the 2020 Presidential campaign, was a deep buried campaign pledge. The elimination and eventual replacement of three of President Biden’s targets for whom much of America’s racial disparity is allegedly to blame; Equifax, TransUnion and Experian. If President Biden follows through with his pledge, he will create a public credit reporting agency to compete with and maybe one day replace them altogether.
More Stories
Two Men. Two Stolen Identities. One Greenwich Dealership.
The Risk Didn’t Leave Auto Finance, It Changed Hands
Financed Monday. Exported Friday.
The Seasonal Loan Delinquency Reprieve May Be Ending
He Bought Their Identities. Then He Bought the Cars
Catch Me If You Can: Inside the Gingerbread Man Auto-Fraud Enterprise