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Rep. Sarah McBride introduces bipartisan bill to curb credit‑repair scams, require escrow for upfront fees
Summary
Representative Sarah McBride told the House Financial Services Committee that she is sponsoring bipartisan legislation, the Ending Scam Credit Repair Act (ESCROW), to strengthen consumer protections against abusive credit repair organizations.
Representative Sarah McBride told the House Financial Services Committee that she is sponsoring bipartisan legislation, the Ending Scam Credit Repair Act (ESCROW), to strengthen consumer protections against abusive credit repair organizations.
McBride said CROs—credit repair organizations—use persuasive advertisements and digital communications to promise large credit‑score improvements while charging high upfront fees or…
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