The current dispute-resolution systems at the three main consumer-credit-rating agencies used in the U.S. are violating the law, CBS reported Sunday on its "60 Minutes" television program. The report cited what it said were widespread mistakes with individuals' credit reports, focusing on the industry's three main firms: Equifax Inc. (US:EFX), Irish-based Experian PLC (UK:EXPN) and unlisted TransUnion Corp. The report included an interview with Ohio Attorney General Mike DeWine, who said the industry was violating the Fair Credit Reporting Act by failing to adequately address mistakes in people's credit records.
Ohio AG probes credit reporting agencies
Source: Michael Kitchen