Reuters - Video

Edition: US | UK | IN | CN | JP

video Business

Bayer shares slide after latest Roundup cancer ruling
Bayer shares slide after latest Roundup cancer ruling - 01:15
Hydro still working to restore operations after cyber attack
Hydro still working to restore operations after cyber attack - 00:57
Dominican farmers struggle amidst crippling drought
Dominican farmers struggle amidst crippling drought - 01:23
BMW warns of significant profit fall in 2019, seeks 12 bln eur in cuts
BMW warns of significant profit fall in 2019, seeks 12 bln eur in cuts - 01:24
Exclusive: black box reveals clues to Lion Air crash
Exclusive: black box reveals clues to Lion Air crash - 01:58
Elon Musk tweet sparks fresh fight with SEC
Elon Musk tweet sparks fresh fight with SEC - 01:35
Peloton sued for stealing music
Peloton sued for stealing music - 01:23
Google unveils new cloud-based gaming service
Google unveils new cloud-based gaming service - 02:08
Google unveils new cloud-based gaming service
Google unveils new cloud-based gaming service - 02:08
Peloton sued for allegedly stealing music
Peloton sued for allegedly stealing music - 01:24
Wall Street sheds gains on trade talk news
Wall Street sheds gains on trade talk news - 01:21
Go long on commodities, advises Jeff Tomasulo
Go long on commodities, advises Jeff Tomasulo - 05:09
'Build-your-own' homes aim to tackle housing crisis
'Build-your-own' homes aim to tackle housing crisis - 01:34
French unions stage day of strikes at Macron policies
French unions stage day of strikes at Macron policies - 01:52
Instagram launches shopping feature
Instagram launches shopping feature - 00:49
Breakingviews TV: Flabby activism
Breakingviews TV: Flabby activism - 03:52
Boeing CEO vows fix as 737 MAX pressure builds
Boeing CEO vows fix as 737 MAX pressure builds - 02:23
Uber’s wild drive for growth in Chile
Uber’s wild drive for growth in Chile - 02:26
Uber’s wild drive for growth in Chile
Uber’s wild drive for growth in Chile - 02:26
'Similarities' found in Boeing crash probe
'Similarities' found in Boeing crash probe - 02:23

Credit agencies agree to overhaul

Monday, March 09, 2015 - 01:18

An overhaul by the big agencies will make it easier for consumers to fix errors on their credit reports. Fred Katayama reports.

▲ Hide Transcript

▶ View Transcript

TV AND WEB RESTRICTIONS~****~ That arduous task of fixing errors on your credit report is going to get much easier. The three largest U.S. credit reporting agencies have agreed to change the way they handle errors and medical debt. That's significant because Experian, Equifax, and TransUnion provide credit data on more than 200 million U.S. consumers, and what they report affects whether you get that home or car loan you applied for and the interest rate you get charged. In a deal worked out with the New York Attorney General, the agencies will use trained employees to review supporting documents submitted by consumers. And they'll tell you what you can do if you're not satisfied with the answers you're getting. And they won't report medical debts until after a 180-day waiting period. That grace period should allow time for you to cover your debts and insurance payments to be made. New York AG Eric Schneiderman said, "The agreement will reform the entire industry and provide vital protections for millions of consumers across the country." Shares of Experian, which trade in London, falling more than one percent. Experian and Equifax shares have been vastly outperforming the broader market this year and over the last 12 months. TransUnion is private.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

Credit agencies agree to overhaul

Monday, March 09, 2015 - 01:18