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Congressman wants hearings on correcting credit report errors
Posted on Jan 1, 2007 by Tom Fragala
The Boston Globe reports.
US Representative Barney Frank said he plans to hold hearings early in 2007 about procedures at consumer credit bureaus, following a Globe Spotlight report last week on how difficult those firms often make it for people to correct errors on their credit reports, even those resulting from possible fraud. Frank becomes chairman this week of the House Financial Services Committee.
"We will have some hearings about how to fix this," Frank said in an interview Friday. He said a law passed by Congress in 2003, to give consumers access to free annual credit reports, so they can monitor any errors, may not have gone far enough.
Filed under: Credit
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