“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.
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