Hearings held on credit report inaccuracies...

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Mistakes that aren't so harmless
Lawmakers say consumers need more protection on credit-report errors
By Ruth Mantell, MarketWatch

WASHINGTON (MarketWatch) -- If you've got an error on your credit report, you're not alone. And if you've had trouble fixing that mistake, you also have plenty of company. But Congress wants to see new rules that would make correcting credit errors easier for consumers.

...The agencies are "uninterested... in ensuring accuracy or responding to consumers," because they get paid by providing reports to customers, such as credit grantors, employers and landlords, rather than individual consumers", said Chi Chi Wu, a staff attorney with the National Consumer Law Center.

view archived webcast or read testimony here

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