McHenry at Hearing on Credit Reporting: We Should Be Promoting Competition to Create Better Opportunities for Consumers
Washington, June 30, 2021
This week, Congressman Patrick McHenry (NC-10), the Republican leader of the House Financial Services Committee, delivered opening remarks at a hearing on credit reporting. In his opening remarks he condemned Democrats’ attempts to socialize the credit reporting industry, which would jeopardize the privacy and security of consumer data, as well as politicize the allocation of credit. Instead of a disastrous government run credit reporting agency, we should be working to create more competition and give consumers greater choice.