Credit Agencies Perpetuate Inaccurate Consumer Reports

In a submission to a Senate Banking Committee hearing on the Fair Credit Reporting Act, EPIC highlighted structural flaws in the credit reporting system that lead to inaccuracy and consumer frustration. Credit reporting representatives are required to complete 100 consumer files a day and are encour...

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Bibliographic Details
Published in:Policy File 2003
Main Authors: Hoofnagle, Chris Jay, Baggaley, John, Karim, Waseem
Format: Report
Language:English
Subjects:
Consumers
Electronic Privacy Information Center
Government
Online Access:Request full text
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Summary:In a submission to a Senate Banking Committee hearing on the Fair Credit Reporting Act, EPIC highlighted structural flaws in the credit reporting system that lead to inaccuracy and consumer frustration. Credit reporting representatives are required to complete 100 consumer files a day and are encouraged not to take simple steps that could resolve disputes.