New Laws/Oversight for Credit Reporting Industry

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Petition for New Regulations and/or Oversight on Credit Reporting Industry

Misinformation on American's credit reports is rampant. Today it is estimated that over 50\% of current reports contain errors. These errors affect the ability to get a job, home, electricity, transportation, television, and virtually everything else you could ever want or need

Guaranteed to us by our constitution we have certain "unalienable" rights; listed below in an excerpt from our constitution:

"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness"

Right now, misreporting due to mistakes, fraud, and blatant irresponsibility coming from the credit bureaus and contributing parties is grossly violating our rights.

Too many times it is us, the citizens of the United States, that pay the price for misreporting; with loss or denial of jobs, homes, transportation, education, business opportunities, and many other basic necessities

The FDCPA and FCRA are not enough.

They are virtually impossible for any average American to fully understand

They are impossible to enforce without inflicting irreversible damage to the
consumer; such as stress and financial burden

They implement the guilty until proven innocent approach with no trial or redress
from the accused and at the cost of the accused constitutional rights.

There must be new tangible laws or processes to protect Americans from the current injustice they are receiving.

By signing this petition we are acknowledging that there is a nationwide problem that must be addressed immediately to protect our constitutional rights.