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Business News at 5:30 p.m.
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NEW THIS DIGEST:
Adds: NYC SALT CAMPAIGN; FED-YELLEN; MORTGAGES-LATE PAYMENTS, HFR; HIP REPLACEMENT COSTS
Updates: FTC-CREDIT REPORT ERRORS
FTC-CREDIT REPORT ERRORS
WASHINGTON â¿¿ One in four consumers has found an error in a credit report issued by a major agency, a study by the Federal Trade Commission shows. The FTC also says 5 percent of the consumers identified errors in their reports that could lead to them paying more for mortgages, auto loans or other financial products. By Marcy Gordon.
CREDIT REPORTS-DISPUTING ERRORS
A new government report highlights that as many as one in four people have an error in their credit report. Getting erroneous information on your credit report corrected can typically take several weeks, if not longer. But it's worth the effort to avoid paying more on everything from auto loans to credit cards. Here are some tips on how to dispute credit report mistakes and reduce the chance that unwarranted blemishes stain your credit profile. By Alex Veiga.
THESSALONIKI, Greece â¿¿ When Greece adopted the euro, it poured billions into modernizing its infrastructure, building spectacular bridges, highways, and a brand new rail transit network for Athens. Now, locked in recession and crushed by debt, Greeks are targeting many of those projects, gouging out the metal and selling it for scrap to feed ravenous demand driven by China and India. Metal thieves are accused of stealing industrial cable, power-line transformers and other metal objects â¿¿ triggering blackouts and massive train delays. By Costas Kantouris and Derek Gatopoulos.