Overview
In 2006, the Federal Trade Commission and the Board of Governors of the Federal Reserve System have released their Report to Congress on the Fair Credit Reporting Act Dispute Process. The report provides tons of must-know information on how the dispute process actually works.

Several studies released in the early 1990s by the state Public Interest Research Groups (PIRGs) found that some credit reports contained serious mistakes and that credit bureaus often refused to fix them. These studies showed that for each of the years 1990, 1991 and 1992, credit report complaints were the leading complaint to the Federal Trade Commission (FTC). Other studies by Consumers Union (publishers of Consumer Reports) and an independent credit reporting association buttressed the PIRG findings.