Credit Bureaus Need More Oversight

I read about a credit bureau practice first at Caroline Mayer’s blog, The Checkout, where various mortgage companies have started to pay a bureau to notify them whenever someone applies for a loan. On one hand, it’s nice to get more competitive offers but on the other you’re bound to get predatory and illegal offers as well.

This makes me wonder if there should be higher restrictions on who can get access to all that sensitive information in your credit report. Right now it seems as though anyone can get their hands on your information. Do you think that we need more oversight (federal? state?) given the recent increased frequency of identity theft?

Print Article Print Article    Email Article Email Article    Stumble It!   Bookmark   reddit.com
Tags:
Related Posts
Mar 07, 2006 | Read more in Credit, Government, Personal Finance

RSS Subscribe Did you like this article? If so, you can get all the latest articles delivered to your email inbox for free each morning by entering your email address in the box below. Your email will only be used to deliver this once-daily subscription and you can unsubscribe at any time.

Join The Conversation!
There are 0 comments, add your thoughts now!


Please Leave a Comment

Blueprint Comment Policy

Previous Article: « PFB Spotlight: Mapgirl’s Fiscal Challenge
Next Article: Text Link Ads = Free Money »
Send questions, ideas, tips, or monetary gifts to
Get posts by e-mail:


 RSS Subscribe  Subscribe
(What is this?)
Copyright © 2005-2008 by JW Enterprise. All rights reserved.