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Tags: US | FTC | Credit | Reports

Changes Proposed for Credit Rights Notice

Monday, 16 August 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.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


FinanceNews
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 August 2010 03:48 PM
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