Continuing his campaign on equality at every level, President Joe Biden's administration has proposed creating a new credit bureau under the Consumer Financial Protection Bureau. This resulted in many speculative headlines that the government may be replacing existing credit bureaus, making a lot of people confused with the future of loans if such a decision is to be made. Merrill Chandler drills down into these pretty misleading articles, taking a look back on the players involved in the credit system to see what this proposal truly has in store for everyone. He also breaks down his hopes for this new credit bureau, which is highly possible to give low-income earners a chance to build up their credit score without that much difficulty.
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