16 CFR Part 610 Amendments to Rule to Prevent Deceptive Marketing of Credit Reports and to Ensure Access to Free Annual File Disclosures #545091-00752

Submission Number:
545091-00752
Commenter:
Ms. Kim Lorenc
State:
NJ
Initiative Name:
16 CFR Part 610 Amendments to Rule to Prevent Deceptive Marketing of Credit Reports and to Ensure Access to Free Annual File Disclosures

I belive in the strongest wording and language you can have for the reporting and advertising. Make it CLEAR AND SIMPLE LANGUAGE THAT ALL PEOPLE CAN READ AND UNDERSTAND TOO! No fine print!!!!!!! It is about time someone started looking out for us. Also, make credit card companies give us an interest rate deduction of at least half if they raise our credit limits!!!! That is only fair. Credit increases should be reserved for good customers and they should be paying single digit interest rates, NOT 22% or more like I am now with Capital One who did this without even telling me they were going to do it!