Hood: Credit reporting agencies’ actions hurt consumers

Mississippi residents will receive three years of free access to their own credit reports under an agreement three credit reporting agencies have made with the state’s top legal officer.

Experian, TransUnion, and Equifax agreed to overhaul their business practices after an investigation showed they made mistakes on consumers’ credit reports, Mississippi Attorney General Jim Hood said in a news release Wednesday. He said Experian and TransUnion also engaged in deceptive marketing practices…

…The agencies will pay the state nearly $7.2 million, Hood said.

Clarion Ledger