Credit Agencies Screwing Americans

April 27, 2009 at 5:31 pm Leave a comment

Good article by By Liz Pulliam Weston on MSN Money: 

After years of inaction and neglect, Washington is finally getting serious about protecting people from abusive credit card practices. Consider:

  • President Barack Obama last week summoned credit card executives to the White House and signaled that credit card reform is on his agenda.




In February, I wrote about how Experian suddenly had decided not to sell FICO scores to consumers anymore, although it continues to sell the scores to lenders. That decision, which has yet to be challenged by regulators or lawmakers, conceals from consumers a vital piece of their credit information.

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