Congresswoman Maxine Waters On What You Need To Know About Equifax’s Latest Infraction

Congresswoman Maxine Waters (D-CA) has been hard at work utilizing the tools at her disposal to hold credit bureau Equifax accountable for its recent infraction of inaccurately reporting scores for millions of customers from March 17 to April 6, which resulted in credit and loan denials and higher interest rates. Initial phases of her plan included sending letters to Equifax and the CEOs of the nation’s largest commercial banks in which she demanded a timely response to several questions meant to help her completely understand the incident. She also sent a letter to Rohit Chopra, director of the Consumer Financial Protection Bureau, to request ​​a moratorium on Equifax.

Ahead of her response deadline request, Waters joined Blavity to discuss the ways erroneous credit scores impact the Black millennial community and what potential harmed consumers should do.

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