Press Availability on New Federal Credit Repair Law; Agency to Announce Results of “Credit Repair Web Surfing”

The Federal Trade Commission will provide a press availability on Tuesday, April 1st, the effective date for a new federal law, which provides consumers with better protection from fraudulent credit repair organizations.

The agency also will announce the results of its "surfing" the Internet for fraudulent credit repair sites. Credit repair con artists lie to consumers when they promise they can repair bad credit reports by removing damaging credit information that is accurate.

The FTC also will introduce a new book, titled "Getting Back in the Black," produced by the FTC, Consumer Credit Counseling Service of Chicago and the Better Business Bureau of Northern Illinois and a new site on the FTC’s Web page that collects a variety of information on credit repair.

The press availability will be held in Room 432, at the FTC headquarters located at 6th & Pennsylvania Avenue, Washington, D.C. from 10:00AM to 12:00PM.

Officials in attendance will be:

C. Steven Baker, Director of the FTC’s Chicago Regional Office
Catherine Williams, President of the Consumer Credit Counseling Service of Greater Chicago