16 CFR Part 610 Amendments to Rule to Prevent Deceptive Marketing of Credit Reports and to Ensure Access to Free Annual File Disclosures
The use of a ".com" address should be terminated and a ".gov" address used instead. - the use of a ".com" address allows commercial entities to purchase similar addresses and confuse the public. - the exclusivity of a ".gov" address reduces the potential of public confusion as the government restricts access to addresses All credit reports should be accessed through a central site with a single verification process. Therefore it would not be necessary to navigate to each credit union's website. -the multiple verifications are a burden on the public -this reduces the potential of credit unions to black easy access to credit reports (eg. difficult or confusing verification processes, or where a failure to verify appropriately one year blocks access in future years) The dispute process should be made simple to use and available electronically. - learning of inaccurate credit information is not helpful, if the process to dispute the information is cumbersome and burdensome. - a centralized system should be created within the ".gov" site to allow for the easy management of disputes including tracking of dispute timelines. No advertisement should be allowed within the process of accessing the free credit reports. - advertisements present the possibility of inadvertent confusion and diversion. - the annual credit report is not intended as an advertising mechanism for credit bureaus or other enterprises. - if only credit unions are allowed to advertise, then the government may be inappropriately enabling the promotion of certain businesses to the disadvantage of others.