Sens. Joe Manchin, D-W.Va. and Tim Scott, R-S.C., recently introduced the Credit Access and Inclusion Act, a bipartisan bill that aims to increase access to credit for those with little to no credit history.
The legislation targets a critical problem. Too often lenders deny credit access to those who don’t have an extensive credit history, which can unfairly penalize these consumers and perpetuate the problem. With little to no credit, Americans are denied the opportunity to begin building credit and wealth for themselves.
For a PDF copy of the Op-ed click below:
Vulnerable Americans Can’t Build Credit but Congress can Change That Op-ed Kevin Kimble