Rep. Maxine Waters, D-Calif. (Photo: Bloomberg) Rep. Maxine Waters, D-Calif. (Photo: Bloomberg)

House Financial Services Committee Chairwoman Maxine Waters, D-Calif., released draft legislation Tuesday, the Comprehensive Consumer Credit Reporting Reform Act, to ensure that the fallout of breaches, mistakes and problems at the credit reporting companies is not a burden on consumers.

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Elizabeth Festa

Elizabeth Festa is a longtime business and financial services reporter with a specialty in insurance regulatory and legislative coverage at the federal and state level. She is based in Washington, D.C.