Credit Chief Slams Free Reports
Man, someone needs to slam this guy. I tell ya, just when you think you can't get disgusted enough at the financial business & services community, someone comes along and reaffirms the fact that, yes, they can sink even lower.
Kim Zetter writes in Wired News:
Equifax's chief executive says he opposes federal legislation that lets consumers obtain a free copy of their credit report to help them monitor financial accounts for fraudulent activity.
CEO Thomas Chapman called the legislation unconstitutional and un-American because it cuts into profits that Equifax and two rival credit reporting agencies -- Experian and TransUnion -- earn from selling credit reports and monitoring services. Equifax maintains credit data on 220 million Americans. The company earned $1.27 billion in revenue last year.
posted by Fergie @ 6/29/2005 06:43:00 AM
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