Credit & Financial Reputation Reform

PROPOSED / DRAFT — CREDIT & FINANCIAL REPUTATION REFORM

A credit score should measure legitimate financial credit risk—not a person’s worth, character, beliefs, lifestyle, political views, or standing in society.

The Moderate Party of America opposes any government or private system resembling a social-credit system in which unrelated personal behavior is combined into a score that determines whether someone may participate fully in ordinary society.

Credit reporting should be transparent, accurate, relevant to legitimate financial decisions, and easily correctable when errors occur. Consumers should receive meaningful notice of adverse information, access to the information used, a fair dispute process, timely correction of verified errors, and accountability when inaccurate reporting causes harm.

Your creditworthiness is not your worth as a person.

SPECIFIC CONSUMER PROTECTIONS

A person should be able to obtain the material data used in a credit decision, identify the source of disputed information, submit supporting evidence, and receive a written result within a defined period. When verified information is corrected, the correction should be transmitted to recent recipients and reflected consistently across the reporting system.

Adverse-action notices should identify the principal factors that actually affected the decision rather than provide generic explanations. Reporting agencies and furnishers should maintain reasonable procedures for accuracy, identity matching, fraud prevention, and prompt correction.

Alternative data should be used only when relevant to legitimate credit risk, obtained lawfully, explained to the consumer, and protected against discrimination or use as a disguised social-credit score.

ACCOUNTABILITY & MEASUREMENT

Public oversight should track dispute volume, correction rates, repeat errors, identity-matching failures, investigation time, complaints, security incidents, and proven economic harm caused by inaccurate reporting.

BANKING COMPETITION, SWITCHING & FEE TRANSPARENCY

Consumers should be able to change banks without unnecessary delay, retaliation, or loss of access to their own money.

Banks should provide:

• A standardized account-closing process.

• Transfer of available funds within five business days.

• Portable transaction information in a secure format.

• Assistance transferring recurring deposits and payments.

• A complete all-in fee schedule before account opening.

• Clear advance disclosure of overdraft, insufficient-funds, maintenance, transfer, and early-closing fees.

• A prompt appeal for account freezes or closures.

A disputed freeze, closure, or refusal to release funds must receive a written decision within 30 calendar days, an independent appeal decision within the next 30 calendar days, and any complaint or independent review within the next 30 calendar days. Immediate court access remains available when a freeze threatens basic living expenses, legal deadlines, or irreparable harm.

Lawful community banks, credit unions, and responsible financial-technology companies should receive fair access to payment infrastructure under risk-based security and solvency standards.

Related policies: Consumer Rights; Privacy Rights; Bodily Autonomy, No Compulsory Implants & No Universal Digital Pass.

Status: Proposed / Draft — not yet formally adopted.

Originally published: August 24, 2026.

Last updated: October 3, 2026.

Version: Draft 0.5.