American - Politician | October 24, 1978 -
Children and other Americans with limited or non-existent credit histories are particularly vulnerable to having the SSNs misused for synthetic identities.
Seth Moulton
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Even if a financial institution rejects an initial application by an individual using a synthetic identity, credit bureaus create a record from the transaction based on the fraudulent credentials. Consequently, the record can be used repeatedly by a fraudster to establish a fake identity used to commit financial and other types of fraud.
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Some of my colleagues are unwilling to vote for any Dodd-Frank reforms, partly out of the political fear that any reforms will be seen as reducing regulations on the financial sector.
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Prior to the 2008 recession, many financial institutions were engaging in 'proprietary lending,' where a bank would invest funds for its own gain instead of earning revenue through commission by trading on behalf of clients.
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One of the greatest falsehoods of American politics over the past several decades is that the Republican party is the party of fiscal responsibility.
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During the 2016 presidential campaign, candidate Donald Trump pledged to eliminate our national debt 'over a period of eight years.' Now two years into his administration, our national debt has increased, surpassing $21 trillion for the first time in American history.
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With control of the House, the Senate, and the White House, Republicans could have used their unified control of government to... balance the budget!
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I voted against H.R. 4293, the Stress Test Improvement Act of 2017, which would modify the regulatory oversight of certain financial institutions in a way that is likely to expose our economy to greater risk.
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No matter what President Trump says, Russia is an adversary and a threat - look no further than their invasion of Crimea.
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One of my top priorities in Congress is making sure every American who wants to serve our country has the opportunity to do so.
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In my short time in Congress, I've learned it's a lot easier to find a reason to vote against something than to vote it.
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Many of us have experienced the pain that comes with watching a loved one suffer with a serious illness. We also know that we would do absolutely anything it takes to help them beat it.
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