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Christine
Board Administrator
Username: Christine

Post Number: 1836
Registered: 09-2002
Posted on Saturday, February 07, 2004 - 09:53 pm:   Edit Post Delete Post Print Post    Move Post (Moderator/Admin Only)

6/12/03: TU CEO Gambill speaks to Chairman Bachus, Congressman Sanders, and Members of the Subcommittee

Admissions and deceptions

Gambill:

"The fact that the consumer report is complete, accurate, and up-to-date allows the lender to make an accurate assessment of the consumerís credit risk."

He is obviously fully informed about the importance of complete, accurate, and up-to-date credit reports.

Few Trans Union credit reports are up to those standards and Trans Union takes deliberate actions to prevent consumers from obtaining complete, accurate, and up-to-date reports by refusing reports.

This transcript is well worth reading, and a very important document to establish that Mr. Gambill is fully aware of the tremendous damages the extremely poor quality Trans Union credit reports inflict on millions of consumers.

The stress and the financial damages caused by Trans Union incomplete and incorrect credit reports make many people physically ill and make sick and desperate people want to die. The ultimate damage is death.

I have two words for Mr. Gambill: RICO & PRISON

"The issue of free file disclosures has been considered and rejected in past Congresses. Our view is that the FCRA already strikes a liberal balance favoring free disclosures in most of the circumstances in which consumers have occasion to interact with the consumer credit reporting system. Moreover, enactment of a federal free annual disclosure standard could, in our view, seriously threaten our economic viability."

Harry Gambill claims:

One free credit report per year puts TU into bankruptcy.


Just like I said in my objection to his motion to dismiss:

"Plaintiff requests that Harry Gambill not be dismissed because his company, Trans Union, inflicts serious damages on plaintiff and literally millions of people and Mr. Gambill categorically refuses to change his companyís policies and procedures. It is likely that Trans Union will be forced into bankruptcy due to consumer litigation and plaintiff would like to be able to collect the judgment she anticipates receiving against Trans Union in this action."

application/pdf6/12/03: TU CEO Gambill speaks to Congress
6-12-03--Gambill-Congress.pdf (223.0 k)

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