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MASTERCARD ISSUES REACTION TO ANNOUNCEMENT OF 'THE CONSUMER REPORTING REFORM ACT OF 1993'

 WASHINGTON, Feb. 19 /PRNewswire/ -- Charlotte Rush, vice president for public affairs, MasterCard International, issued the following reaction to "The Consumer Reporting Reform Act of 1993," announced at a Capitol Hill news conference today:
 Although we have not yet seen Congressman Gonzalez's bill, we support the intention to protect consumers. Indeed, the credit reporting industry has taken significant steps over the past two years to improve services. Congress should carefully review the provisions of recent consent decrees entered into by the major credit reporting bureaus as it considers this bill. One of the most important guarantees of fairness for consumers is uniformity across the country in the laws that affect credit reporting requirements. We hope Congress will work to develop consistency, uniformity and fairness in these laws so that the industry can efficiently serve its consumers.
 -0- 1/19/93
 /CONTACT: Charlotte Rush of MasterCard, 202-828-8820/


CO: MasterCard International ST: District of Columbia IN: SU: LEG

TW -- DC014 -- 8416 02/19/93 13:14 EST
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Publication:PR Newswire
Date:Feb 19, 1993
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