Miss.: Consumers harmed by credit reporting giant - FOX13 News, WHBQ FOX 13

Miss.: Consumers harmed by credit reporting giant

Posted: Updated:
  • Miss.: Consumers harmed by credit reporting giantMore>>

  • Get FOX13 Breaking News on your mobile device

    Get FOX13 Breaking News on your mobile device

    Friday, October 4 2013 3:43 PM EDT2013-10-04 19:43:45 GMT
    Get breaking news alerts on your mobile device direct from the FOX13 news desk. On average, you could get as many as three to five alerts on a busy day, as the news merits. Just fill out the form below
    Get breaking news alerts on your mobile device direct from the FOX13 news desk. On average, you could get as many as three to five alerts on a busy day, as the news merits. Just fill out the form below
By JEFF HORWITZ
Associated Press WASHINGTON (AP) - Mississippi's attorney general says sweeping errors by a major credit reporting bureau harmed consumers and violated federal law.

A new federal lawsuit says Experian Information Solutions' lax quality control jeopardizes consumers' ability to get loans, taints their employment background checks and hampers sensitive government security clearances. It says some are even put on a federal terrorism watch list.

Mississippi is the first state to file suit over what it considers a violation of federal laws aimed at protecting consumers' credit. A separate group of states is probing similar allegations involving the credit reporting industry at large.

Experian declined to comment on the complaint.

Consumer advocates have argued that lax quality control, and inadequate investigations of disputes are part of the credit bureaus' business model.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices