Ok it's not huge news and it's not a 100% victory for concumers, but as of tomorrow (Wednesday Dec 1st) residents of twelve other Western states can get a free copy of their credit report from each of the three major credit bureaus once every 12 months. This is a small victory for consumers who would otherwise have to pay each bureau a small $9.95-$14.95 fee which (if you check all three which is usually recommended) might cost you about $30 bucks.
These free credit reports were mandated by the Fair and Accurate Credit Transactions Act of 2003 called the FACT ACT which was pushed by both the Federal Trade Commission and several state PIRG's around the county and other consumer protection groups.
Residents can request their reports from Equifax, Experian and TransUnion directly or use the new jointly operated Web site. The new law also requires the bureaus to offer customers, for a reasonable cost, a credit score based on the information in their report, along with an explanation of the key factors used to calculate the score.
www.annualcreditreport.com (the address must be typed in your browser - links to the site will not work yet) it's officially live Wednesday.
You can also request a free report by calling (877) 322-8228
or mail a request to P.O. Box 105281, Atlanta, GA 30348-5281