Free
credit report, other provisions help
consumers
The
Fair and Accurate Credit Transactions
Act (FACT Act) will help reduce identity
theft and help victims recover, according
to Congress and the Federal Trade
Commission.
For example, one provision requires
the three major credit-reporting agencies
to provide consumers with a free copy
of their own credit report. The requirement
took effect December 2004, with phase-in
over nine months from West to East.
By September 2005 all parts of the
country were covered.
