25% of Credit Information Is Flat-Out Wrong? How Consumers Are Getting Screwed

By Odysseas Papadimitriou

November 16, 2012  |  Monopoly.  We all know the game – one of the Parker Brothers’ best – as a quintessential American pastime with the potential to bring generations together (or spark heated arguments among those of us with a bit of a competitive streak).  But when that term is applied not to board games, but instead to board rooms, it has a decidedly negative connotation.  Everyone knows how important competition is to a free market economy, after all.

That’s what makes the ineptitude and pervasive conflicts of interest that mark the credit reporting and scoring industry due to a lack of competition so hard to fathom.  It’s also what underscores the drastic need for reform.