Bill tightens rules governing credit agencies

Sen. Joan Johnson, D-Adams County, had difficulty obtaining her credit report after she was turned down for a Nordstrom’s card.When she was finally able to retrieve her report, Johnson discovered that it was blemished with a credit history not belonging to her. This prompted Johnson to introduce a bill that would increase the liability of a financial-reporting agency.
Senate Bill 133 was proposed and passed the Senate Business Affairs and Labor Committee unanimously Feb. 4. It has gone to the full Senate for consideration.
Johnson’s bill would fine consumer-reporting agencies $1,000 for every inaccurately reported entry. The…