|Received:||4/21/2004 8:00:00 AM|
|Agency:||Federal Trade Commission|
|Rule:||FACTA Free Reports Proposed Rule|
To the FTC, RE FACTA Free File Disclosures Proposed Rule, Matter No. R411005
Faster free reports, with a privacy guarantee
To the FTC:
I urge you to make annual free credit reports available more quickly to all Americans, rather than delaying
access to most of the country at the unjustified request of the credit bureaus.
Also, the rule should make clear that information is only collected to verify identity. Many consumers, including
me, don't think it is fair to give up personal information to take advantage of an important new federal right to a
free credit report.
Also, please REQUIRE the three major credit reporting agencies and Fair Isaacs to release credit SCORING
FORMULAS in detail in order to permit consumers the right and ability to prove the accuracy of the
computation of the credit score AND to permit annalysis of the score FORMULAS in order to insure that they
represent credit risk in reality rather than a means to increase risk score and lender profits on good credit risk