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The CFPB plans to start closely supervising credit reporting companies this September, as the...

The CFPB plans to start closely supervising credit reporting companies this September, as the industry falls on the radar of a single regulator for the first time. Over 200M Americans have reports on file with companies such as Equifax (EFX), Experian (EXPN), and TransUnion.
Comments (2)
  • I had someone else's report under my social security number..it took me two years to get it removed..it was an obvious mistake..Different name no less..but they didn´t care....
    Secondly after the last 3 years...I doubt many people have credit anymore..and if you do..does it get you anything....No it does not...do you get 200 basis points lower on your loan...no you don´t...
    16 Jul 2012, 08:01 AM Reply Like
  • We all know that it is our credit rating that allows us to obtain mortgages, loans etc. One can only hope that closer supervision will ensure that the system works efficiently and without error. Only time will tell.
    16 Jul 2012, 08:11 AM Reply Like
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