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Changes Proposed for Credit Rights Notice

Monday, 16 Aug 2010 03:48 PM

Federal regulators are proposing changes that would help consumers better understand their rights when disputing a credit report.

The Federal Trade Commission says it is taking public comment over the next month on language that informs people about their legal rights to challenge information in a credit report. The proposed revisions take into account new rules on consumers' rights and duties recently issued by the agency under a 2003 law.

Stephen Brobeck, executive director of Consumer Federation of America, said the proposed changes are "a helpful fine-tuning."

Information in a credit report often can be the difference between securing a loan or being denied.

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Federal regulators are proposing changes that would help consumers better understand their rights when disputing a credit report.The Federal Trade Commission says it is taking public comment over the next month on language that informs people about their legal rights to...
US,FTC,Credit,Reports
104
2010-48-16
Monday, 16 Aug 2010 03:48 PM
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