FTC Reserves Judgment On Credit Report Reform Measures

Law360, New York (September 13, 2012, 9:38 PM EDT) -- A Federal Trade Commission official refused to cave to pressure from a House subcommittee Thursday to endorse legislation that would permit the elimination of settled medical debt and inclusion of alternative payment data in credit reports, despite acknowledging that these factors could negatively impact consumer credit.

In order to help curb inaccurate and incomplete credit reports that could prevent consumers from obtaining benefits such as credit, housing, insurance and employment, House lawmakers are currently pushing a pair of bills — H.R. 2086 and H.R. 6363 —...
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