Credit information laws aid consumers-Greenspan

Speaking to the US Congress on Wednesday 30 April Alan Greenspan said having credit information flowing freely benefits borrowers by reducing uncertainty and pushing interest rates lower than they would otherwise be.

Source: Reuters

Renewal of federal credit information sharing laws are key to providing affordable credit for consumers, Federal Reserve Chairman Alan Greenspan said on Wednesday.

"There is just no question that unless we have some major sophisticated system of credit evaluation con