Democrats kill amendment to bill which would prevent credit discrimination based on politics or religion

fellowshipoftheminds.com | 1/31/2020 | Dr. Eowyn
monnamonna (Posted by) Level 3


Frances Martel reports for Breitbart, that on Wednesday, Jan. 29, 2020, Democrats in the House of Representatives voted against an amendment to a proposed bill that would prevent the powerful Consumer Financial Protection Bureau (CFPB) from forcing private credit scoring companies to evaluate Americans based on political opinions or religious beliefs — to “make use of information related to political opinions, religious expression, or other expression protected by the First Amendment, whether obtained from a social media account of a consumer or other sources.”

The amendment would have been tacked onto Rep. Ayanna Pressley’s (D-MA) Student Borrower Credit Improvement Act, or Comprehensive CREDIT Act of 2020.

House - Democrats - Amendment - Votes - Democrats

House Democrats rejected the amendment with 208 votes. Only 15 Democrats voted in favor of the free speech protections. Some, like Rep. Tulsi Gabbard (D-HI), took the pusillanimous non-committal way by abstaining.

Republicans warn that without such an amendment, the powerful CFPB would have the legal authority to make nearly any criteria mandatory for a private credit evaluation company to take into consideration, paving the way for a system in which the federal government has the power to assign numerical scores to individuals like Communist China’s social credit system, based on their loyalty to a certain political party, membership in civil society groups that the government approves or disapproves of, or other private behaviors.

Statement - House - Vote - House - Minority

In a statement following the House vote, House Minority Leader Kevin McCarthy (R-CA) warned that if the Senate also passes the bill (Comprehensive CREDIT Act of 2020) without the amendment, the CFPB would now have the power to use any aspect of a person’s life to change their credit score, with significant potential for abuse. McCarthy said:

“In keeping with their theme of handing over more control to the government, Democrats now support giving the CFPB unchecked authority on credit score modeling, without any built-in...
(Excerpt) Read more at: fellowshipoftheminds.com
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