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FTC Study Shows 40 Million Americans Have a Mistakes

Posted: Sun Nov 09, 2014 6:48 pm
by Administrator
FTC Study Shows That up to 40 Million Americans Have a Mistake in Their Credit Report — Watch the 60 Minutes Investigation of This Ongoing Problem

The Consumer Law and Policy Blog has “reported many times on the error-prone credit reporting industry and the industry’s violations of the Fair Credit Reporting Act.

The Federal Trade Commission issued a eight-year study of the industry showing that up to 40 million Americans have a mistake on their credit report. Twenty million have serious mistakes. Last night, 60 Minutes aired a report on the FTC’s study and its “own investigation of the credit reporting industry [that] shows that … mistakes can be nearly impossible to get removed from your [credit] record.”