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Senate bill seen as positive for credit reporting bureaus

Mar. 15, 2018 8:23 AM ETEquifax Inc. (EFX) StockEFX, EXPGY, EXPGF, TRUBy: Clark Schultz, SA News Editor5 Comments
  • Height Capital Markets assigns an 80% probability that Congress will pass legislation on credit reporting bureau accountability before the August break.
  • The firm says that while a proposed bill from the Senate will add layers protection for consumers, the provisions do not "materially alter" the credit reporting agency business models.
  • The legislation is seen therefore as a positive for Equifax (NYSE:EFX), TransUnion (NYSE:TRU) and Experian (OTCQX:EXPGF, OTCQX:EXPGY).

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