skip to main content
skip to newscasts

Sunday, October 1, 2023

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Educators preserve, shape future with 'ALT NEW COLLEGE'; NY appeals court denies delay for Trump civil fraud trial; Michigan coalition gets cash influx to improve childcare.

view newscast page
play newscast audioPlay

A House Committee begins its first hearing in the Biden impeachment inquiry, members of Congress talk about the looming budget deadline and energy officials testify about the Maui wildfires.

view newscast page
play newscast audioPlay

A small fire department in rural Indiana is determined not to fail new moms and babies, the growing election denial movement has caused voting districts to change procedures and autumn promises spectacular scenery along America's rural byways.

Consumer Groups Press for Bill to Reform Credit Reporting

play audio
Play

Friday, September 23, 2022   

Consumer groups are pressing for legislation to reform the way credit agencies handle errors on credit reports.

The calls to amend the Fair Credit Reporting Act come in the wake of an admission by Equifax last month that a coding problem caused sizable shifts in the credit scores of about 300,000 people. U.S. Rep. Al Lawson, D-Fla., is seeking bipartisan cosponsors for a bill to require credit agencies to respond to inquiries from third-party credit-repair companies or consumer nonprofits.

"Every day," he said, "banks, employees and government entities rely on credit reports to make critical decisions regarding an American's viability for home and car loans, employment and even government benefits, which are so critical today."

Equifax released a statement in August saying it has fixed the coding error but did not immediately respond to a request for comment on the bill. Right now, a loophole allows agencies to disregard correspondence on credit disputes if it doesn't come directly from the consumer.

"If agencies don't have to even touch the mail, that leaves community members that are really trying to change the game for their lives- and their kids - growing up in neighborhoods with a lot of violence," said the Rev. Andre Chapple, chief executive of the African American Empowerment Coalition in Los Angeles, a nonprofit that educates people about credit issues that can keep them from renting an apartment, buying a car or getting a job. "And they want to relocate, but they can't, because their credit score is suffering with a bunch of inaccurate things on there. It's just really unfair."

Michael Claunch, a senior adviser to the American Association of Consumer Credit Professionals, said consumers deserve access to expert help to repair their credit.

"Because the process of improving your credit is confusing, difficult and time-consuming," he said, "then third parties - such as credit repair organizations, as well as nonprofit community organizations - are needed in it."

According to the Consumer Financial Protection Bureau, 98% of the time, the big three credit-reporting agencies fail to provide relief to people who complain about errors on their credit reports.

Disclosure: Compassion & Choices contributes to our fund for reporting on Civic Engagement, Health Issues, Senior Issues, Social Justice. If you would like to help support news in the public interest, click here.


get more stories like this via email
more stories
Michigan is among 20 states to receive a multiyear grant from the Pritzker Children's Initiative. (SneakyPeakPoints/peopleimages.com/Adobe Stock)

Social Issues

play sound

The coalition known as "Think Babies Michigan" has secured more than $36 million in funding to offer grants to child-care providers for infants and to…


Social Issues

play sound

Nearly 100 school board elections are coming up in Minnesota this fall, with some gaining attention because of the candidates who are running…

Social Issues

play sound

The so-called conservative "hostile takeover" of a small, progressive liberal arts college in Florida is seeing some resistance from former students …


Only 546 of the tenants in the the 5,563 eviction cases filed in Nebraska in the first half of 2023 were represented by legal counsel. (tab62/Adobe Stock)

Social Issues

play sound

High rent prices are draining the budgets of many Nebraska renters, who are paying between 30% and 50% of their income on rent. In some parts of the …

Social Issues

play sound

As the federal government nears a shutdown over a budget impasse in Congress, Wisconsin offices that help low-income individuals worry they'll have …

Lewiston, Idaho, sits on the Snake River at the border with Washington. (Guy Sagi/Adobe Stock)

Social Issues

play sound

Indigenous leaders are traveling through the Northwest to highlight the plight of dwindling fish populations in the region. The All Our Relations …

Social Issues

play sound

Washington performs well in a new report scoring states' long-term care systems. The Evergreen State ranked second in AARP's Long-Term Services and …

Social Issues

play sound

A lack of housing options, mental-health challenges and a lack of connections and support have combined to drive an uptick in the number of foster …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021