Bernie Sanders wants to put credit reporting companies like Equifax out of business
Hidden at the bottom of presidential candidate Sen. Bernie Sanders’s plan to erase Americans’ medical debt is a proposal that would replace a roughly $10 billion private credit reporting industry — populated by companies like Equifax, Experian and Transunion — with a public, free credit registry.
The plan calls for a creating a “secure public credit registry,” in place of the current for-profit credit reporting agencies, that would use “a public, transparent algorithm to determine creditworthiness that eliminates racial biases in credit scores.”
Under this proposal, ...
Wow.... this would an incredible power grab.