Consumers in Midwest States Can Get Free Credit Reports Starting March 1, 2005


A new federal law, known as the Fair and Accurate Credit Transactions Act, or FACTA, adopted by Congress in 2003 gives consumers nationwide the right to receive a free copy of their credit report. The law is being phased in through the U.S. and Midwest states are next on the rollout list. The ability for consumers to get a free copy of their credit report annually started on the West Coast on December 1, 2004, and individuals living in the Midwest can start receiving their reports on March 1, 2005.

World Privacy Forum and Privacy Rights Clearinghouse Ask the FTC to Immediately Stop Credit Bureaus From Blocking Web Links to www.AnnualCreditReport.com


UPDATE: As of noon, February 28, the credit bureaus began to allow linking to the annualcreditreport.com site from other sites. To see what the previous non-linking "blacklisted" message looked like prior to the credit bureaus' change in policy, see  Figure 2 in the Call Don't Click report.

SAN DIEGO, CA -- The World Privacy Forum and the Privacy Rights Clearinghouse sent a letter to the Federal Trade Commission (FTC) today requesting the agency immediately take steps to protect consumers in advance of the March 1 rollout of free credit reports to Midwestern U.S. residents.

Call Don't Click: Why It Is Smarter to Order a Federally Mandated Credit Report Via the Phone Instead of the Internet


new report issued today by Pam Dixon of the World Privacy Forum (www.worldprivacyforum.org) in advance of the March 1 rollout of free credit reports to Midwest residents, shows that consumers may be better off calling or mailing for their federally mandated free credit report instead of going online for it.

Fair and Reasonable Fee for Credit Score Disclosure: Comments to Federal Trade Commission


For years lenders have relied on scoring models to evaluate risk in extending credit to individual consumers for a car loan, mortgage or credit card. Following the lead of states like California and Colorado, Congress amended the FCRA with the Fair and Accurate Credit Reporting Act of 2003, Pub. L. 108-159, (FACTA), and gave consumers the right to view their score as well as get an explanation of the factors that went into the score.

When consumer interests are factored in, the only fair and reasonable approach is for the Commission to set a fee limited to the actual cost of producing and delivering the score to consumers.

Consumers Can Get Free “Specialty” Consumer Reports Starting December 1, 2004


SAN DIEGO, CA – The arrival of free credit reports on December 1st is getting a lot of attention these days. (www.ftc.gov/bcp/conline/pubs/credit/freereports.htm) But there is another kind of report, called “specialty consumer reports,” that individuals can obtain at no charge beginning on the first of the month. The federal law that requires credit reporting bureaus to provide free reports is the Fair and Accurate Credit Transactions Act, also known as FACTA. The law also gives consumers the right to one free report prepared by a “nationwide specialty consumer reporting agency” that compiles files on consumers.

Federal Trade Commission Releases Web Site and Phone Number for Free Credit Reports


Today, the Federal Trade Commission (FTC) released information about the phone number, web site and mail-in form that consumers can use to order their free annual credit reports. Free annual credit reports will be rolled out starting on the West Coast beginning December 1, 2004, and ending in September 2005 on the East Coast.

Consumers in West Coast States Can Get Free Credit Reports Starting December 1, 2004


Beginning December 1, 2004, consumers living in the western U.S. will have the right to order a free copy of their credit report thanks to a new federal law, known as the Fair and Accurate Credit Transactions Act, or FACTA, adopted by Congress in 2003. Consumers elsewhere in the nation will get the same right over the next year as the law is phased in across the country. By requiring credit reporting bureaus to provide free credit reports annually upon request, the new law enables consumers to more readily monitor if they are victims of identity theft or if their credit reports contain errors.

Consumer Notice Requirements for Opting Out of Pre-Approved Offers of Credit


For years, consumers have received preapproved credit offers with required notices and opt-out telephone numbers buried in fine print along with other mandatory legal notices. We support the Commission’s proposal to provide a layered notice. The proposal calls for a “short notice” on the principal promotional document. The short notice includes the most important information, including opt-out telephone number, with direction to a “long notice” located elsewhere in the solicitation.

Letter to House of Reps. and Senate to Oppose HR 2622


The Privacy Rights Clearinghouse and the Identity Theft Resource Center urge you to oppose H.R. 2622 as written because it preempts many state consumer protection laws while failing to prevent credit bureau mistakes or stop identity theft.

Consumer Group Analysis of House FCRA Legislation, H.R. 2622


This memo provides a section-by-section analysis of H.R. 2622, which was reported out of the House Financial Services Committee on July 25th. Although the bill takes some steps to prevent identity theft, improve accuracy and protect medical privacy, it fails to offer meaningful solutions to the most important problems that were identified in Senate and House hearings, especially given that the quid pro quo for these measures is permanent and perhaps expanded preemption of state laws.

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