by Breitbart News –
Democratss Kill Amendment Protecting Americans from Credit Discrimination Based on Politics, Religion
Democrats in the House of Representatives voted on Wednesday against an amendment to a proposed bill that would prevent the Consumer Financial Protection Bureau (CFPB) from forcing credit reporting agencies to evaluate Americans based on political opinions or religious beliefs.
Without such an amendment, Republicans warn, the powerful CFPB would have the legal authority to make nearly any criteria mandatory for a private credit evaluation company to take into consideration, paving the way for a system in which the federal government has the power to assign numerical scores to individuals based on their loyalty to a certain political party, membership in civil society groups that the government approves or disapproves of, or other private behaviors.
The system, they say, would mirror the newly minted “social credit system” in place in China, which bans citizens from key social services like public transportation if they lose too many points behaving in a way the Communist Party disapproves of. ….
…. House Minority Leader Kevin McCarthy (R-CA) warned following the vote that the CFPB, if the new law passes the Senate without such protections, would now have the power to use any aspect of a person’s life to change their credit score, with significant potential for abuse.
“In keeping with their theme of handing over more control to the government, Democrats now support giving the CFPB unchecked authority on credit score modeling, without any built-in measure to stop potential abuse of power or violation of our Constitutional rights,” McCarthy said in a statement following the vote. “There is a terrifying parallel to the practices of China’s communist regime, which seeks to control the actions of their population with a social credit score. This kind of oppressive practice is antithetical to American freedoms and ideals.”