Determined1

60 Minutes: 40 Million Mistakes: Is your credit report accurate?

Recommended Posts

The FTC announcement for this is at http://ftc.gov/opa/2013/02/creditreport.shtm

 

The full report in PDF is at: http://ftc.gov/os/2013/02/130211factareport.pdf

 

CBS 60 Minutes didn't go into it very much, but one highlight that concerns me is that private information is being intentionally leaked into other jurisdictions.  That's aside from the lies by corporate executives and middle line managers (but that's common in almost all top 10000 corporations).

 

There needs to be law with jail penalties for doing things like failing to disclose to the consumer EVERYTHING that is reported to any credit granter.  An alternative is to require credit granters to also provide a copy of the credit info they get to the consumer, whether credit is granted or not.

  • Like 1
Link to post
Share on other sites
Guest
This topic is now closed to further replies.