The FTC, as required by FACTA, released a new study today of credit report accuracy which found that 26% of participants had at least one error in their credit files. Big shock. Even the CDIA, the trade organization for the national credit bureaus, admits that at least 19% of consumer reports have erroneous information.

It would have been awesome if FACTA had resulted in something better than requiring the FTC to issue reports telling us what we already know.