Comment on CFPB-2011-0002-0001

Document ID: CFPB-2011-0002-0006
Document Type: Public Submission
Agency: Consumer Financial Protection Bureau
Received Date: July 20 2011, at 10:52 AM Eastern Daylight Time
Date Posted: August 1 2011, at 12:00 AM Eastern Standard Time
Comment Start Date: June 29 2011, at 12:00 AM Eastern Standard Time
Comment Due Date: August 15 2011, at 11:59 PM Eastern Standard Time
Tracking Number: 80ec6cf3
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Credit scores and credit reports are used to determine whether a person gets a good deal on a loan, pays more for insurance or gets a job. Credit bureau mistakes are notoriously difficult to correct. Given how important these reports and scores are to American families, particularly in tough economic times, I would like to see the CFPB granted full supervisory power over the large credit bureaus, the specialty credit bureaus and the credit scoring companies, which all act as gatekeepers to success, to protect the best interests of consumers.

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