CREDIT REPORTING COMPANIES MUST REPORT!

"Consumer Financial Protection Bureau (CFPB) will begin this Fall (2012) to supervise the 30 largest credit reporting companies including Experian, Equifax and TransUnion."

Finally, after decades of consumer abuse, some law and order may be coming this Fall (2012) to the arrogant, multi-billion dollar credit reporting industry.

[see, Chapter 3, "Credit Bureaus, Credit Scores and the Credit Business", Legal Consumer Tips and Secrets (Avoiding Debtors' Prison in the United States), iUniverse Publishers (2011)]

The 30 largest credit reporting companies the new Consumer Financial Protection Bureau (CFPC) will begin federal oversight over on or about October 1st, 2012 will account for 94% of the credit reporting industry's annual receipts.

Combined, these intrusive behemoths issue more than 3 billion consumer credit reports each year and have files of very personal information on more than 200 million Americans.

[www.latimes.com/business/la-fi-consumer-credit-oversight/2012/07/16; Los Angeles Times, Business, July 16, 2012]

What do you think? Do you care?