WASHINGTON -- A House Banking subcommittee approved legislation Friday that would make it more difficult for banks to obtain lists of potential credit card customers and increase penalties for errors lenders make in reporting credit information.

The bill, which is intended to make it easier for consumers to find and correct mistakes in their credit reports, is strongly opposed by banks and credit providers. However, it is expected that the full banking committee will address at least some industry concerns when it takes up the bill next year.

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