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Tag Archives: FTC

The Federal Trade Commission Counters Credit Monitoring Ads – With Its Own Ads

Posted in Fair and Accurate Credit Transactions Act

Under the Fair and Accurate Credit Transactions Act (“FACTA”), consumers are entitled to one free credit report per year from each of the three national consumer credit reporting companies. Unless you live under a rock (or without television), you have undoubtedly seen the ubiquitous commercials run by freecreditreport.com that portray an unfortunate group of musicians who lament their fate –stolen identities that could have been avoided if only they received a free credit report– through catchy songs.

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