Lynet Lynette News Today

Our models and logistical work, behind the scenes work that we did to create that three-digit score, thats our own proprietary, digital information, so i think they just didnt want you involved in that way. even though you will be allowed to get a score free of charge if you get turned down, say, for a loan or if you get higher rates on your insurance than you would have gotten if you had a higher credit score, i think that in the future, we will see a time when consumers will get completely fre...

Credit. ed, let me start with you. this new wall street reform bill actually helps people access their credit scores more easily. how much does it help consumers and in what other ways? >> well, the bill is, first of all, a landmark reform because it creates a new consumer bureau. its the biggest since 1943. but getting access to your credit scores is part of it, but the bureau is a new consumer protection machine that will have the authority to regulate every financial product sold by a bank or...

It, for the first time, may be an agency that looks under the hood that looks into the black box. >> maybe. its up to the regulator to decide that, isnt it? >> its up to the regulators. theres a lot of new things in the law. but for the first time we have a regulator protecting jobs for you and me. >> lynette, on your take, why have they been reluctant to date to give us our credit scores? >> theyve been reluctant to interfere with commerce. they didnt want to take part in any action that might ...