Study finds one third of credit reports have major errors
A PIRG study of 133 reports from three major bureaus found serious errors that could unfairly deny loans or jobs for about one third of consumers. Twenty two participants did not receive reports, while the group cited ongoing complaints about bureau mistakes.
MENTIONED IN THIS ARTICLE
New York
Consumer Credit Bureau
Happer
Public Interest
PIRG
Ed Mierewinski
Credit Bureau
Norm Magnuson
Associated Credit Bureaus Trade Association
Arthur Andersen & Co
Credit reports show widespread errors and data problems
PIRG findings reveal 29 percent of credit reports have serious errors 70 percent contain some error 41 percent carry incorrect personal data and 21 percent miss key credit worthiness information Since 1991 changes to the Fair Credit Reporting Act aim to improve accuracy with 30 day corrections and toll free lines from Equifax Experian and Trans Union The report also notes a misattributed debt case involving Peter Smith and Renee Smith in Washington DC highlighting real consequences of faulty data.
MENTIONED IN THIS ARTICLE
Fair Credit Reporting Act
Equifax Credit Information Services
Experian, Inc
Trans Union Corp
PIRG
Peter Smith
Colorado Pirg
Smith
Robert Peter
R Smith
Howard University Hospital
Washington
D.C
Renee Smith
Austin Mortgage Co
Feds weigh v-chip tech for blocking objectionable TV
The FCC is ready to approve technical standards for v-chip blocks in TV sets as early as next year under a 1996 law. Manufacturers expect 18 months to retool. costs are seen as modest, about five to twenty dollars, with higher-end sets likely unchanged. The system uses industry ratings from ABC, CBS, Fox and NBC and would block language rated programs or those with PG-13 to NC-17 ratings while allowing per-show unlocks.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
United States
FCC
Jonathan Thompson
Consumer Electronics Manufacturers Association
Thompson
ABC
CBS
Fox
NBC
Bill Kennard
Also Mentioned on This Page
Feds
Aiken Electric Cooperative, Inc
Aiken Electric Cooperative
Wagener Road
Hwy
Aiken, SC
William B. Carver
Aiken
Fou
Aiken Drug Company
EasyTrack
Wachovia
Frere
Wachovia.com
Econ
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