|Received:||12/15/2004 11:10:04 AM|
|Agency:||Federal Trade Commission|
|Rule:||Advance Notice of Proposed Rulemaking, Request for Comment|
|Docket ID:||RIN 3084-AA94|
Comments:(4) Credit reporting agencies should fulfill their obligations under the FCRA directly. Additional subsidiaries and third parties add to idenity theft risk and increase the amount of exposure to consumers' information. (6) Other factors should be considered when structuring fee schedules for credit reporting agencies. For example, consumers already pay indirectly for these services when they pay credit application fees, etc. (7) I don't feel that they should not charge the consumers anything for their credit score. It is the consumers' information that determines the score and they should be allowed to freely see what the creditor sees. That being said, if the FTC elects to impose a rule allowing consumers to be charged a fee, it should be nominal. If a periodic adjustment is allowed, it should only be a given timetables (every five years) and the amount of adjustment should have a cap on it (% increase not to exceed 5 or 10%).