- 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).