FTC, CFPB Push Senate To Improve Credit-Reporting Accuracy

Law360, New York (May 7, 2013, 9:40 PM EDT) -- Federal Trade Commission and Consumer Financial Protection Bureau officials told U.S. senators Tuesday that consumers are struggling to correct errors in their credit reports, leading lawmakers to contemplate changing laws to require credit-reporting agencies to make their information more available.

During a hearing of the Senate Subcommittee on Consumer Protection, Product Safety, and Insurance, five lawmakers — three of whom say they have personally experienced errors on their credit reports — grilled Maneesha Mithal, associate director of the FTC's privacy and identity protection division, and CFPB...
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