5 Things To Know Today
FTC Study Shows Millions Of Credit Reports Have Errors
Millions of Americans have mistakes on their credit reports, some of which are serious enough to lower credit scores and result in worse credit offers, according to a new government study. As many as 42 million consumers have errors on their credit reports, and around 20 million have significant mistakes, a Federal Trade Commission study of nearly 3,000 credit reports to be released Monday indicates. Not all of these errors will impact your ability to get credit, however. About 13% of study participants saw their FICO credit score change once a mistake on their credit report was fixed, and those changes were big enough to potentially result in better credit offers for 2.2% of participants. The Consumer Data Industry Association defended this 2.2% rate, saying in a statement that overall, the report “shows that 98% of credit reports are materially accurate.”
LAPD To Reopen Rogue Ex-Cop’s Firing
Los Angeles police said Saturday that they would reopen an investigation into the firing of Christopher Jordan Dorner, a former cop accused of killing three people as part of a revenge plot targeting law enforcement officers. Dorner wrote a manifesto declaring war on police in retaliation for being fired from his job as an LAPD officer and losing an appeal to be reinstated. He promised to bring “unconventional and asymmetrical warfare” to officers and their families, calling it the “last resort” to clear his name and strike back at a department that he says mistreated him. The development came as police continued their search for Dorner, 33, in snowbound mountains. Bundled up in winter gear, teams returned to the pine forests and trails surrounding Big Bear Lake in the San Bernardino Mountains.
Assisted Suicide On Legal Agenda In States
A push for the legalization of physician-assisted suicide is under way in a half-dozen states where proponents say they see strong support for allowing doctors to prescribe mentally competent, dying individuals with the medications needed to end their own lives. The large number of baby boomers facing end-of-life issues themselves is seen to have made the issue more prominent in recent years. Groups such as Compassion & Choices, a national end-of-life advocacy organization, have been working to advance the cause. Advocates received a boost from last year’s ballot question in Massachusetts on whether to allow physicians to help the terminally ill die. Although the vote failed, it helped to spark a national discussion, said Mickey MacIntyre, chief program officer for Compassion & Choices.
US Air, AMR Near $11 Billion Merger
US Airways Group Inc and AMR Corp are nearing an $11 billion merger that would create the world’s largest airline and could announce a deal within a week, after resolving key differences on valuation and management structure, people familiar with the matter said. Under terms of a deal that are still being finalized, US Airways Chief Executive Doug Parker would become CEO, while AMR’s Tom Horton would serve as non-executive chairman of the board until spring of 2014, when the combined company holds its first annual meeting, the sources said. The deal would come more than 14 months after the parent of American Airlines filed for bankruptcy in November 2011, and would mark the last combination of legacy U.S. carriers, following the Delta-Northwest and United-Continental mergers.
Senate Set To Pass Violence Against Women Act
The Senate is poised to pass the Violence Against Women Act reauthorization early this week, with a final vote expected Monday afternoon or Tuesday. The legislation enjoys broad bipartisan support in the Senate; it has 62 sponsors and moved forward last week by a vote of 85-8. The Senate voted 34-65 to reject an amendment by Sen. Chuck Grassley (R-IA) to replace the measure with a scaled-back reauthorization. After voting on additional amendments, including one by VAWA chief sponsor Sen. Patrick Leahy (D-VT) to beef up resources to combat human trafficking, the legislation is expected to pass with expanded provisions to extend coverage to gays, illegal immigrants and Native Americans who suffer from domestic abuse.