UPDATE 2-U.S. House panel approves credit report bill


(Adds quotes, details) WASHINGTON, July 24 (Reuters) - A U.S. House of Representatives panel overwhelmingly approved legislation on Thursday that would give consumers easier access to credit reports in exchange for barring stronger state credit laws. "We will have a product that preserves the essence of the way the system contributes to our economy while making some consumer improvements," said Massachusetts Rep. Barney Frank, the senior Democrat on the House Financial Services ...

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