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FTC Study Shows That up to 40 Million Americans Have a Mistake in Their Credit Report — Watch the 60 Minutes Investigation of This Ongoing Problem

The Consumer Law and Policy Blog has “reported many times on the error-prone credit reporting industry and the industry’s violations of the Fair Credit Reporting Act. Go, for example, here, here, and here.”
Today, the Federal Trade Commission issues a eight-year study of the industry showing that up to 40 million Americans have a mistake on their credit report. Twenty million have serious mistakes. Last night, 60 Minutes aired a report on the FTC’s study and its “own investigation of the credit reporting industry [that] shows that … mistakes can be nearly impossible to get removed from your [credit] record.”


Our Oak Brook, Illinois consumer rights private law firm handles individual and class action consumer fraud cases that government agencies and public interest law firms such as the Illinois Attorney General may not pursue.

The Chicago consumer rights attorneys at DiTommaso Lubin Austermuehle are proud of our achievements in assisting national and local consumer rights organizations obtain the funds needed to ensure that consumers are protected and informed of their rights. By standing up to consumer fraud and consumer rip-offs, and in the right case filing consumer protection lawsuits and class-actions you too can help ensure that other consumers’ rights are protected from consumer rip-offs and unscrupulous or dishonest practices.

Our Geneva and Naperville consumer attorneys provide assistance in fair debt collection, consumer fraud and consumer rights cases including in Illinois and throughout the country. You can click here to see a description of the some of the many individual and class-action consumer cases our Chicago consumer lawyers have handled. A video of our lawsuit which helped ensure more fan friendly security at Wrigley Field can be found here. You can contact one of our Chicago consumer protection lawyers who can assist in consumer fraud, consumer rip-off, lemon law, unfair debt collection, predatory lending, wage claims, unpaid overtime and other consumer, or consumer class action cases by filling out the contact form at the side of this blog or by clicking here.