Democrats Move to Take Over Your Credit Score and Go Full 'Woke' – Just Like Communist China

[Geee]

PJ Media

Wu wants the government to take over the credit scoring “now,” which in her magical utopia would include response “to public pressure” without putting “profit-making as their top priority.”

While public agencies are not perfect, at least they would not have profit-making as their top priority. They would be responsive to public pressure and government oversight. They could also be charged with developing credit scoring models to reduce the yawning racial and economic inequality in this country.

The fact that these are private, profit-seeking companies explains why the credit bureaus are constantly expanding their products into uses, such as employment, insurance, and tenant screening, that ultimately harm Americans and contribute to the massive inequality in our nation. [emphasis added]

Good credit is a gateway to wealth. Yet, for far too long, our credit reporting system has kept people of color and low-income persons from access to capital to start a small business; access to mortgage loans to become homeowners; and access to credit to meet financial emergencies.