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The Week Ahead: Holding Credit Bureaus Accountable

The House Financial Services Committee will hold a hearing entitled, “Who’s Keeping Score? Holding Credit Bureaus Accountable and Repairing a Broken System” on Tuesday, February 26, 2019, at 10:00 a.m. EST in Room 2128 Rayburn House Office Building. This will be a two-panel hearing with Mark Begor, CEO, Equifax; James M. Peck, President and CEO, TransUnion; and Craig Boundy, CEO, Experian North America in the first panel.

The second panel will consist of testimony from Lisa Rice, President and CEO, National Fair Housing Alliance; Chi Chi Wu, Staff Attorney, National Consumer Law Center; Jennifer Brown, Associate Director, Economic Policy, UnidosUS; and Edmund Mierzwinski, Consumer Program Director, U.S. Public Interest Research Group.

According to the House Committee memorandum,  in 2017, Equifax experienced a cybersecurity breach that affected approximately 148 million consumers, which, in addition to releasing the personally identifiable information of these consumers, also highlighted deficiencies in the credit reporting. The hearing will also discuss two legislative proposals towards consumer credit reform aimed at making numerous changes to the existing credit reporting system, including increasing consumer rights to report and appeal credit report disputes.

Here's what else is happening in the week ahead:

 

  • AEI Housing Market Indicators, Monday, 11 a.m. EST
  • Housing Starts, Tuesday, 8:30 AM ET
  • Banking Committee Vote on Mark Calabria Nom, Tuesday 9:30 a.m. EST
  • S&P CoreLogic Case-Shiller HPI, Tuesday, 9:00 AM EST
  • FHFA House Price Index, Tuesday, 9:00 AM EST
  • MBA Mortgage Applications, Wednesday, 7:00 AM ET
  • Pending Home Sales Index, Wednesday 10:00 AM EST
  • Freddie Mac Primary Mortgage Market Survey, Thursday, 10 a.m. EST
  • Fed Balance Sheet, Thursday, 4:30 PM EST

About Author: Radhika Ojha

Radhika Ojha is a freelance writer and editor. A former Online Editor for MReport, she is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her master’s degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas.
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