| 1996 |
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Congress passes a law that gives consumers access to "all information" in their consumer file (credit report) at the credit reporting agencies. Previously the law required disclosure of only the "nature and substance" of the information. |
| 1997 |
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The law takes effect. |
| 2001 |
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creditaccuracy.com lambasts TransUnion for refusing to provide payment history information to consumers. |
| 2002 |
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creditaccuracy.com lambasts TransUnion for refusing to provide payment history information to consumers. |
| 2003 |
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creditaccuracy.com lambasts TransUnion for refusing to provide payment history information to consumers. |
| 2004 |
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An Equifax legal department supervisor claims certain information about addresses in a consumer's file is "internal information" and that "Equifax only provides it to you via the telephone." Subsequently, Equifax begins including the information on its consumer disclosures (credit reports).
The Federal Reserve Board is alerted to illegal practices of credit reporting agencies Equifax and TransUnion.
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| 2005 |
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Equifax admits to not disclosing, in credit reports to consumers, full dates of inquiries to credit files and begins doing so.
Equifax admits to not disclosing consumers' telephone numbers recorded and retained in its files to consumers and begins doing so.
creditaccuracy.com author Fisher travels to TransUnion's office and is denied information in his file.
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| 2006 |
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Equifax refuses to provide to consumers full account numbers recorded in its files.
In sum, it is our view that a CRA that always scrambles or truncates account (or social security) numbers does not technically comply with Section 609 because it does not provide "accurate" (and perhaps not "clear") disclosure of "all information" in the file. - FTC, June, 2000
Credit reporting agencies Equifax and TransUnion still do not-- and indeed refuse to-- provide all information in a consumer's file to the consumer. The Federal Reserve Board is alerted again.
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| 2006 |
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creditaccuracy.com author explains it again to the Federal Reserve.
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