conversation: User (feliksas): "*A CFPB investigation concluded that Transunion and Equifax deceived Americans about the reports they provided and the fees they charged.*  \n\n*In their investigation, the Bureau found that the two agencies had been misrepresenting the scores provided to consumers, telling them that the score reports they received were the same reports that lenders and businesses received, when, in fact, they were not. The investigation also found problems with the way the agencies advertised their products, using promotions that suggested that their credit reports were either free or cost only $1. According to the CFPB the agencies did not properly disclose that after a trial of seven to 30 days, individuals would be enrolled in a full-price subscription, which could total $16 or more per month. The Bureau also found Equifax to be in violation of the Fair Credit Reporting Act, which states that the agencies must provide one free report every 12 months made available at a central site. Before viewing their free report, consumers were forced to view advertisements for Equifax, which is prohibited by law.*\n\n[The Atlantic - Full Article](https://www.theatlantic.com/business/archive/2017/01/credit-scores-cfpb/512162/?utm_source=feed)"
  Self: "These services should not be private sector, it should be something provided for you free of charge as a citizen with a straightforward way of getting reports and resolving errors or fraud.\n\nEDIT: spelling"
  sovnade (sovnade): "Also an open and public formula."
  