Credit Report News
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Friday, April 23, 2004
New FTC Credit Report Complaint Referral Program Established A new provision of the Fair and Accurate Credit Transactions act is going into effect that will give you another recourse if credit bureau disputes are not handled to your satisfaction.
The Federal Trade Commission will refer consumer credit report complaints to the three major national consumer reporting agencies (CRAs) under a new program. The FTC will send the CRAs – Equifax, Experian, and TransUnion – certain complaints from consumers about disputed inaccuracies or incomplete information in the companies’ files. The CRAs will review the complaints, correct the files if necessary, and report the results to the FTC.
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Copyright 2004 Credit Report News and Information
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