Bush proposes to strengthen Consumer Credit Protections

To: National Desk

Contact: Linda M. Johnson of the National Association of Realtors, 202-383-7536

WASHINGTON, June 30 -U.S. Newswire -- The National Association of Realtors praised President Bush and Treasury Secretary John Snow for the plan unveiled this afternoon to strengthen the consumer credit protections available under the Fair Credit Reporting Act (FCRA). NAR strongly backs the Administration's proposals to provide consumers with one free credit report per year and to give consumers information as to how their credit scores were derived, how they can improve them and how they can correct any errors in their credit files. [more]

David Remer of PoliWatch.Org Editorial Note:

While I too commend this support by the administration for consumer access to credit information, it does seem as though the only time this administration can do what is right by the public at large is when corporate interests or profits will also benefit. In this case it is a win-win scenario, but, on education, compliance with the bill of rights, the environment and a host of other public issues, the Bush administration comes down on the side of corporate interests and not the public at large.