The Los Angeles Times quoted Professor Jeff Sovern in an article, Credit-reporting firms’ accuracy push? Finally — but it’s still not enough. The article, discussing the settlement between the big three credit bureaus and New York’s Attorney General, states:
Last week’s settlement is a step in the right direction. But it doesn’t go far enough.
“These companies still have a lot of power,” said Jeff Sovern, a law professor at St. John’s University in New York. “The Fair Credit Reporting Act favors credit-reporting agencies and creditors over consumers.”
Leave a Reply