Subcommittee chair blasts credit reporting system as “Kafkaesque”

(May 15, 2013) -- Calling the nation’s credit reporting system “Kafkaesque,” U.S. Sen. Claire McCaskill, (D-Mo.), publicly pressed the Federal Trade Commission and Consumer Financial Protection Bureau to take further action to force credit ratings agencies to improve the accuracy of the consumer data they are providing to lenders, employers, insurance companies and landlords....

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