"What the bureaus did has actually been very, very effective," says John Ulzheimer, the president of consumer education at SmartCredit.com. "Because of these changes, you have millions of consumer disputes that are not being filed."
A class-action lawsuit against the three major credit bureaus made headlines when a federal appeals court threw out a proposed settlement, but more noteworthy is that the suit itself led to major improvements in how they generate consumer credit reports.
To continue, please log in, register or subscribe.