Equifax cleaned TUC's and EXP's credit report companies Connecticut clocks by being first credit report companies Connecticut with a FICO score (BEACON). The question was disingenuous at the time, and a harbinger of the shell games TransUnion and Experian have played ever credit report companies Connecticut since.
Congress: Who-- in their right mind-- would go to the trouble of getting their credit report, and then not get their FICO score? Free credit reports were the best thing that ever happened to the credit bureaus.
Certainly, the FACT Act amendment to the FCRA (subsection 609(f)) will settle that one. On December 4, 2003, the President signed into law credit report companies Connecticut the Fair and Accurate Credit Transactions Act of 2003. Eleven months later, credit report companies Connecticut on 11/8/04, in the Federal Register, the FTC solicited comments. credit free report score The FTC's own press release said the law directed it to develop a "'fair and reasonable' fee for credit bureaus to charge consumers for a copy of their credit score beginning December 1, 2004," less than a month after soliciting comments. Three years after the FACT Act credit report companies Connecticut was signed into law, there was still no price. The FTC explained that Congress didn't set a deadline. In a congressional hearing on credit report disputes in 2007, a Federal Trade Commission representative listed the fee determination under "Tasks still in progress," and submitted that the Commission is "working" on it, and is committed to completing its task "as quickly as possible." In response to congressional questioning, the FTC representative said, "I think that we can come up with a timetable for completing the remaining tasks." (video, at 1:12:00) In the meantime, here's all we've got: The Commission recognizes that the provisions of FCRA section 609(f) will become effective on December 1, 2004 without regard to whether the Commission has made a determination or given guidance on how it will determine whether a particular fee is fair and reasonable. credit report identity theft Although Congress has directed credit scores be available for a fair and reasonable fee as determined by the Commission, it did not impose a deadline for a determination nor credit report companies Connecticut has it required that the determination be made in any particular manner. Furthermore, there is no indication that Congress meant to require regulated entities to make the required disclosures free of charge. For these reasons, the Commission interprets section 609(f) to allow regulated entities to charge a fee for required disclosures in advance of any specific Commission determination or other guidance, so long as that fee is fair and reasonable.
credit report credit scoreEquifax cleaned TUC's and EXP's credit report companies Connecticut clocks by being first credit report companies Connecticut with a FICO score (BEACON). The question was disingenuous at the time, and a harbinger of the shell games TransUnion and Experian have played ever credit report companies Connecticut since.
Congress: Who-- in their right mind-- would go to the trouble of getting their credit report, and then not get their FICO score? Free credit reports were the best thing that ever happened to the credit bureaus.
Certainly, the FACT Act amendment to the FCRA (subsection 609(f)) will settle that one. On December 4, 2003, the President signed into law credit report companies Connecticut the Fair and Accurate Credit Transactions Act of 2003. Eleven months later, credit report companies Connecticut on 11/8/04, in the Federal Register, the FTC solicited comments. The FTC's own press release said the law directed it to develop a "'fair and reasonable' fee for credit bureaus to charge consumers for a copy of their credit score beginning December 1, 2004," less than a month after soliciting comments. Three years after the FACT Act credit report companies Connecticut was signed into law, there was still no price. The FTC explained that Congress didn't set a deadline. In a congressional hearing on credit report disputes in 2007, a Federal Trade Commission representative listed the fee determination under "Tasks still in progress," and submitted that the Commission is "working" on it, and is committed to completing its task "as quickly as possible." In response to congressional questioning, the FTC representative said, "I think that we can come up with a timetable for completing the remaining tasks." (video, at 1:12:00) In the meantime, here's all we've got: The Commission recognizes that the provisions of FCRA section 609(f) will become effective on December 1, 2004 without regard to whether the Commission has made a determination or given guidance on how it will determine whether a particular fee is fair and reasonable. Although Congress has directed credit scores be available for a fair and reasonable fee as determined by the Commission, it did not impose a deadline for a determination nor credit report companies Connecticut has it required that the determination be made in any particular manner. Furthermore, there is no indication that Congress meant to require regulated entities to make the required disclosures free of charge. For these reasons, the Commission interprets section 609(f) to allow regulated entities to charge a fee for required disclosures in advance of any specific Commission determination or other guidance, so long as that fee is fair and reasonable.
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