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Credit Reporting Agencies Reach Multi-State Settlement Of Several Consumer Issues

Three main credit reporting agencies in the U.S. have struck a multi-state settlement agreement requiring them to move more quickly to fix disputed information on credit reports, wait longer before adding items and more carefully scrutinize certain data they're furnished by collection agencies and others. Ohio is one of 31 states that will get a share of 6 million dollars over the next three years in the deal with Equifax, Experian, and TransUnion. The states say consumers had been denied car loans, house loans and jobs because of mistakes on their credit reports.

Jim has been with WCBE since 1996. Before that he worked as a reporter at another Columbus radio station, and for three newspapers in Southwest Florida.