Term: Disputes
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Big Changes to Credit Reports Are on the Way: What It Means for You

By Steven Shaw on 5/21/2015

Settlement Means Big Changes to Credit Reports Are on the Way: What It Means for You

Attorneys general in 30 states have reached a $6 million settlement with the major credit reporting agencies Equifax, Experian and TransUnion to make changes in the way they address errors in consumer reports and how some negative information is added to credit reports. The agreement is very similar to one announced March 9 by the attorney general of New York. The Consumer Data Industry Association, which represents the bureaus, says the new settlement is just more states joining the initiative announced in New York in March.

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Disputes