May 25, 2003
I agree that the proposed legislation by Assemblywoman Christine Kehoe (D-San Diego) would be in the best interest of consumers (Update, "Proposed Law Would Improve Credit Reporting," May 4). I believe, however, that the consumer would benefit most if legislation required the credit bureaus to furnish California residents with a free copy of their credit report at their request once a year. This is the law in numerous other states but not in California. Why is that? I thought we led the way in consumer activism.
June 22, 2003 |
Question: I just received a rent increase notice that said the landlord ran my credit report again using a new credit reporting agency. He said the new report shows a court eviction. I've never had a court eviction and don't think I should have to pay the higher rent. What can I do? Answer: Whenever a rental applicant is rejected or the rent is increased based on a credit report, California Civil Code 1786.
March 13, 1994 |
For four years, Michelle Meier pushed for legislation to tighten the rules in the credit-reporting industry, which has been accused of ruining reputations by failing to correct false and misleading information in some consumer credit files. But when the House Banking Committee recently passed a bill designed to do just that, Meier reversed herself. She vowed to fight the bill rather than support it.
October 4, 1994 |
A measure that would make it easier and less expensive to check and correct consumer credit reports is now set to become law, following a hard-fought, four-year battle. The bill, called the Consumer Reporting Reform Act of 1994, passed the House last week and is expected to sail through the Senate. While there is always the chance of a change, legislators say the "bill has legs" and should be signed into law by President Clinton before year's end.
April 19, 1996 |
Consumer groups suffered a setback this week when the U.S. Supreme Court refused to consider whether Americans should be able to sue over inaccurate credit reports, even if they haven't been rejected for a loan or a job. The high court rejected a request for review of a New York-based federal appeals court's ruling that unless harmful false information is actually distributed, consumers can't claim they were harmed by a credit-reporting service's mistakes.
October 23, 1991 |
Members of the Senate Banking, Housing and Urban Affairs Committee, responding to a growing chorus of complaints about inaccurate consumer credit reports, said Tuesday that they will press for legislation to better protect those whose credit standing is at stake. "The harm done to innocent individuals, and their inadequate recourse when reports are inaccurate or impermissibly obtained, focus our attention and compel us to action," said Sen. Alan J. Dixon (D-Ill.
April 24, 1993 |
A few months ago, if you requested your credit history from TRW, what you got read something like this: "Hillside Bank; AUT; 3149999; NNNC21CCNN. . . ," followed by a few more eye-blurring codes. Today, the same item would read: "Hillside Bank. This auto loan was opened 3/92 and has 48-month repayment terms. . . . As of 12/92, this account is current, and all payments have been paid on time." Nudged by a lawsuit, TRW Inc.
November 9, 1997 |
You've always fancied yourself a savvy consumer. Ever since you divorced your deadbeat spouse three years ago and gave him the home, you've been smart with your money. You regularly shift your credit card accounts to those that offer the lowest introductory rates. When you buy a car, you test-drive several makes before deciding. And now you're ready to buy your own condo. So you apply for a number of mortgages, looking for the best rate. Congratulations.
September 3, 2004 |
Brenda Matthews thought she had a new job lined up at Johnson & Johnson headquarters in New Jersey. After applying online for a position as a patent specialist, she was called in for interviews that seemed to go well. "I met with the office manager, the supervisor I would have worked with," said Matthews, 27, a single mother who lives in Newark, N.J. "They loved me." And, in fact, she was offered the job.
September 1, 1993 |
When directors of Crosby Valve & Gage in Wrentham, Mass., recently proposed increasing the company's trade with Mexico--both selling more valves and buying castings here for the first time--treasury manager Bruce Carr was worried. Part of his criteria for selecting supplier and manufacturer representatives--each essential to the proposal--are based on credit reports. And getting credit reports out of Mexico took four to six weeks.