Senators Steve Daines recently introduced bipartisan legislation to help consumers correct errors on their credit reports. A report by the Federal Trade Commission (FTC) found that millions of consumer credit reports contain mistakes and errors, often leading to less favorable loan terms or denial of credit.

“Too many Montanans have been the victims of identity theft and are left with few options during the dispute resolution process,” Daines stated. “This bill restores fair access to credit and empowers victims to get back on their feet and pursue the American dream.”

Credit reporting agencies have been criticized in the past for performing lackluster investigations and providing little additional documentation to parties seeking a consumer’s credit score. This bill would allow consumers to take proactive steps to correct their credit reports.

 

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