The House Committee on Financial Services, Subcommittee on Financial Institutions and Consumer Credit, held a hearing on May 8, The Importance of the National Credit Reporting System to Consumers and the U.S. Economy. See this link for full-text access to the opening statements of Representative Carolyn Maloney and Representative Rubén Hinojosa, as well as testimony from seven individuals presenting government, academic and lobbying/advocacy positions related to reauthorization of the Fair Credit Reporting Act. In addition, here is a link to the testimony of Wayne A. Abernathy, Assistant Secretary for Financial Institutions, U.S. Department of the Treasury.