Will Congress Give You More Control Over Your Credit Report?

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Another Try at Credit Bureau Regulation

What happens when you discover false information on your credit report? Whether you're dealing with the aftereffects of identity theft and fraudulent accounts or a simple clerical error, prepare for a long and unpleasant battle. Even simple errors can be hard to fix, and consequences can be severe.

According to a recent report by the National Consumer Law Center (NCLC), approximately 42 million Americans have errors in their credit report – and, for almost one-quarter of those Americans, those mistakes result in being denied credit or paying more for the privilege.

After the 2017 Equifax data breach that exposed the personal information of nearly 150 million consumers, Representative Maxine Waters (D-CA) introduced the Comprehensive Consumer Credit Reporting Reform Act (CCCRRA) to hold credit reporting ...

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