Thursday, September 16, 2021


Hundreds of wealthy Americans back the Biden Build Back Better Act; Roger Stone is served with a warrant on live radio; and family caregivers are in need of assistance.


Virginia gubernatorial candidates debate; former federal prosecutor Michael Sussmann indicted for lying to FBI; lawmakers set to question oil industry over climate disinformation; and FDA scientists express skepticism over booster shots.


Lawsuits stall debt relief for America's Black farmers; Idaho hospitals using "critical care" protocols; grant money boosts rural towns in Utah and more conservation acreage could protect the iconic sage grouse.

Should Feds Determine Your Creditworthiness?


Tuesday, July 6, 2021   

MILWAUKEE, Wis. -- Wisconsin is among the top states for average credit scores, but it is a different story for people of color, which is why some advocates said reforms are needed, including a public option for consumers seeking an evaluation of their credit background.

A U.S. House committee recently held a hearing where lawmakers heard arguments about what some say is a broken and biased system.

Chi Chi Wu, staff attorney for the National Consumer Law Center, spoke in favor of a public credit registry, which would be led by the Consumer Financial Protection Bureau.

She said it would lead to better oversight, and urged lawmakers to act.

"Only Congress can fix this," Wu asserted. "And Congress must fix this because it hasn't gotten better in 50 years, and it's only going to get worse."

She argued the system currently is led by a trio of private companies focused on profits. Other proposals include a shorter reporting history of late payments, and limiting the inclusion of medical debt.

GOP committee members said the government is not capable of issuing credit scores, and claimed businesses could be hurt by limited information.

Wisconsin residents have an average score of around 730, but in cities such as Milwaukee, it's less than 600 in non-white areas.

Jeremie Greer co-founder of Liberation in a Generation, a grassroots group focused on large-scale changes to eliminate economic inequality, was among those who told the committee that the three main bureaus provide even bigger roadblocks for BIPOC consumers.

"Far too many people of color find themselves on the wrong side of this system because they are credit invisible," Greer explained.

He pointed out they either have thin credit files, or no history at all, which makes it harder to obtain affordable mortgages or car loans. Meanwhile, other opponents of a public credit rating agency said it takes away the prospects of private innovation as the bureaus look to improve their flaws.

get more stories like this via email
Oregon's Hispanic population grew 30% from 2010 to 2020. (Gstudio/Adobe Stock)

Social Issues

PORTLAND, Ore. -- Hispanic Heritage Month began this week, and will be celebrated through Oct. 15. Oregon has a rapidly growing Hispanic population…

Social Issues

SILVER SPRING, Md. -- As the Biden administration challenges a Texas law restricting abortion after six weeks of pregnancy, Planned Parenthood for …

Social Issues

CHEYENNE, Wyo. -- Social Security, the program credited with lifting 15 million older residents in Wyoming and across the U.S. out of poverty…

Arkansas' rental-assistance program has distributed funds to more than 3,200 households in the state. (Adobe Stock)

Social Issues

LITTLE ROCK, Ark. -- Arkansas has made some changes to its state rent relief program to make it easier to distribute assistance to residents…


SPRINGFIELD, Ill. -- The historic clean-energy bill signed into Illinois law yesterday includes measures from closing coal and natural gas plants by 2…

Indiana ranks 44th out of 50 states for bankruptcy. (Andriy Blokhin/Adobe Stock)

Social Issues

INDIANAPOLIS -- A new coalition is forming to push back against predatory lending and urge state lawmakers to take action to protect consumers…

Social Issues

HARRISBURG, Pa. -- More than 200 high earners have written a letter urging Congress to raise taxes to help support social safety-net programs that …

Health and Wellness

LINCOLN, Neb. -- Limiting women's access to abortion and other reproductive health care can have a devastating impact on state economies. According …


Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member and audience-supported news source since 1996 Copyright 2021