All posts in FTC

FTC: Letting Experian Keep the Spoils

Daniel Solove
Founder of TeachPrivacy

Free Credit Report

Suppose a company engages in an unfair and deceptive trade practice. It makes about $1 billion. The FTC investigates. A settlement is reached for a fine of $1 million and refunds to only some customers — yielding a net penalty of several million dollars — just a fraction of the spoils. That’s deterrence . . . FTC style!

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Free Credit Reports: My Exciting Adventure

Daniel Solove
Founder of TeachPrivacy

Credit Report

Under the federal Fair and Accurate Credit Transactions Act of 2003, the credit reporting agencies must provide a yearly free credit report to individuals who request it. This was one of the benefits given to consumers by the law in return for extending the federal preemption of certain state law regulations.

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How Credit Reporting Agencies Are Scamming the Free Credit Report Requirement

Daniel Solove
Founder of TeachPrivacy

Free Credit Report

This year, pursuant to the Fair and Accurate Credit Transactions Act (FACTA) of 2003, credit reporting agencies must provide people with one free credit report per year.   This is gradually being phased in this year.  People can obtain their reports from this website: https://www.annualcreditreport.com/cra/index.jsp.

Earlier this year in his blog, law professor Eric Goldman discussed the difficulties and inconveniences he experienced when attempting to obtain his report.

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