We have reported many times on the error-prone credit reporting industry and the industry's violations of the Fair Credit Reporting Act. Go, for example, here, here, and here.
Today, the Federal Trade Commission issues 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." To watch 60 Minutes' report click here or on the embedded video below.
0 thoughts on “View 60 Minutes Report on the FTC’s Study of the Error-Prone Credit Reporting Industry”
So what will be done to fix the error? The show on 60 Minutes shows – Nothing will change. This 8 year study was a total waste of time and money – As usual… The process is a joke!