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Lawmakers will convene on Feb. 5 to talk about “debanking” — a political priority for the crypto sector and other businesses, including firearm manufacturers and energy firms.

Senate Republicans press FHFA on credit scoring reform

Republican lawmakers on the Senate Banking Committee urged a top federal housing regulator to adjust its implementation of a 2018 law reforming certain credit score practices.

The letter, led by Sen. Tim Scott (R-S.C.), is mostly an attempt to steer the Federal Housing Finance Authority away from a change to how Fannie Mae and Freddie Mac determine credit worthiness.

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