Credit Bureaus Will Have Federal Oversight for First Time
Good news to anyone who's ever been screwed by a credit bureau: TransUnion, Equifax or Experian. This is thanks to Obama and the Frank-Dodd act of 2010, which established the consumer watchdog agency. What Mitt would call needless regulations.
The Consumer Financial Protection Bureau said Monday that it will start supervising the 30 largest firms that make up 94 percent of the industry. That includes the three big credit reporting firms: Equifax Inc., Experian and TransUnion. WaPo