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How New Changes by Credit-Reporting Firms May Affect You

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In this March 5, 2012, file photo, consumer credit cards are posed in North Andover, Mass. The three largest credit reporting agencies will change the way they handle records in a major revamp long sought by consumer advocates. The changes were announced Monday, March 9, 2015, after talks between Equifax, Experian, TransUnion and New York Attorney General Eric Schneiderman. (AP Photo/Elise Amendola, File)

In this March 5, 2012, file photo, consumer credit cards are posed in North Andover, Mass. The three largest credit reporting agencies will change the way they handle records in a major revamp long sought by consumer advocates. The changes were announced Monday, March 9, 2015, after talks between Equifax, Experian, TransUnion and New York Attorney General Eric Schneiderman. (AP Photo/Elise Amendola, File)

MICHELLE CHAPMAN, AP Business Writers
ALEX VEIGA, AP Business Writers

The three big credit reporting agencies are making changes that could help steer some consumers clear of the credit dog house.

Data collected by the agencies Equifax, Experian and TransUnion on hundreds of millions of people are used to create credit scores. Those scores can determine who gets a loan and how much interest is paid on it.

The move stems from months of negotiations between the companies and New York Attorney General Eric Schneiderman, one of several state attorneys general who have placed the credit reporting industry under increased scrutiny.

Mississippi Attorney General Jim Hood sued Experian last June, claiming the firm has knowingly included error-riddled data in consumer credit files. In Ohio, Attorney General Mike DeWine is leading more than 30 states in an investigation into the credit firms. That suggests more changes by the industry could be coming.

So how will these latest changes affect you?

Q: WHAT’S CHANGING HERE?

A: The credit bureaus have agreed to make several changes. Two of them have the potential to affect consumers the most: changes to how people go about disputing errors in their credit files and in the type of credit data that will appear in their files.

Q: WILL IT BE EASIER TO DISPUTE ERRORS IN MY CREDIT REPORT?

A: In theory. Let’s say you’ve made a timely payment on your credit card but it mistakenly shows up in your credit file as a late payment, potentially weighing down your credit score. Right now, consumers who want to fix that error can file a dispute with the credit reporting agencies, but it falls on the consumer to get the mistake fixed with their credit card company. In addition, the credit agencies basically defer to the creditor.

To address this, the firms have agreed to hire employees tasked with reviewing consumer credit disputes independently and not merely rubber-stamping what credit card issuers and lenders say.

Q: WHAT ARE THE CHANGES TO MEDICAL DEBT?

A: In a bid to increase accuracy, medical debts won’t be reported until after a 180-day waiting period to allow time for insurance payments to be applied. The agencies agreed to remove from credit reports previously reported medical collections that have been or are being paid by insurance companies.

Medical debts often arise from insurance coverage delays or disputes. Over half of all collection items on credit reports are medical debts and those debts may not accurately reflect consumers’ creditworthiness, according to a statement from Schneiderman.

Q: WHAT ABOUT PARKING TICKETS?

A: The credit agencies have agreed that parking tickets, library late fees and similar fines won’t appear on consumers’ credit reports, sort of. The idea is to exclude debts that don’t arise from an agreement by the consumer to pay back money, as in a loan or credit card. Still, if any of those debts gets sold to a collection agency, it’s possible the unpaid debt record could end up on your credit report anyway.

Q: WHO WILL MONITOR THE CHANGES?

A: A working group will be formed under the agreement to regularly review consistency and to ensure that collected data is applied to consumers uniformly.

Q: WHEN WILL THE CHANGES TAKE PLACE?

A: The changes will start to be implemented over the next several months. Discussions with other attorneys general are ongoing and there remains the possibility for more agreements ahead.

Q: AM I ELIGIBLE FOR MORE THAN ONE FREE CREDIT REPORT A YEAR?

A: Yes. Right now, consumers are entitled to get one free credit report a year from each credit reporting agency. The Attorney General’s agreement requires that the firms provide a second free report to consumers who experience a change in their report after they dispute something in their file. This will let consumers verify that the credit agencies corrected the error. To get a free report, visit AnnualCreditReport.com.

____

Chapman reported from New York. Veiga reported from Los Angeles.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Oakland Post: Week of July 22 – 28, 2026

The printed Weekly Edition of the Oakland Post: Week of July 22 – 28, 2026

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Starting This Summer, California Car Buyers Can Get an Instant $3500 Off the Cost of Electric Vehicles

OAKLAND POST — Beginning later this summer, eligible Californians can receive a $3,500 rebate on new zero-emission vehicles with a manufacturer’s suggested retail price of up to $50,000. Buyers purchasing qualifying used electric vehicles priced at up to $25,000 can receive a $1,750 rebate. The rebate will be applied directly at participating dealerships, allowing buyers to receive the discount immediately instead of waiting for reimbursement.

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California residents purchasing their first zero-emission vehicle will soon be eligible for an instant rebate of up to $3,500 under a new state program aimed at making electric vehicles more affordable.

Gov. Gavin Newsom signed Senate Bill (SB) 168 on July 16, creating the MyFirstEV program as part of California’s 2026-27 state budget. The initiative dedicates $135.5 million in state funding for point-of-sale rebates, which participating automakers will match dollar for dollar. State officials said the combined investment will provide $270 million in savings for first-time electric vehicle buyers.

Beginning later this summer, eligible Californians can receive a $3,500 rebate on new zero-emission vehicles with a manufacturer’s suggested retail price of up to $50,000. Buyers purchasing qualifying used electric vehicles priced at up to $25,000 can receive a $1,750 rebate. The rebate will be applied directly at participating dealerships, allowing buyers to receive the discount immediately instead of waiting for reimbursement.

“With our new instant rebate program for electric vehicles, we’re making it easier for families to drive clean, breathe clean, and keep more money in their pockets,” Newsom said in a statement.

The MyFirstEV program is part of a broader $600 million investment in California’s clean transportation economy included in the state budget. The funding package also provides $150 million for the Community Air Protection Program, $19.8 million for the Clean Cars 4 All program for lower-income residents, $35 million for clean off-road equipment through the Air Quality Improvement Program, $135.5 million for the Clean Truck and Bus Voucher Incentive Project, and $130 million for the Carl Moyer Program to replace older heavy-duty engines with cleaner alternatives.

According to the governor’s office, the transportation investments are funded through Cap-and-Invest revenue and smog-abatement fees while maintaining a balanced state budget.

California continues to expand its zero-emission transportation network. The state surpassed 2.5 million cumulative zero-emission vehicle sales earlier this year, exceeding its original goal of 1.5 million sales by 2025. Officials also reported that California has more than 200,000 public and shared electric vehicle charging plugs statewide, in addition to an estimated 800,000 home charging stations.

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Surveillance Pricing Fight: State Senate Debates Bill Banning Retailers from Using AI to Set Prices Based on a Buyer’s Profile

OAKLAND POST — Currently, there is no precise public data quantifying how many Black residents in California are actively affected by surveillance pricing. However, because the practice leans heavily on ZIP codes and localized demographic tracking, algorithmic pricing models frequently result in higher costs for Black and non-white communities compared to others, according to the Electronic Frontier Foundation (EFF), a leading nonprofit organization defending civil liberties in the digital space

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Surveillance pricing—the algorithmic practice of using personal data to determine individualized costs for goods and services—is widespread in California, according to Assemblymember Chris Ward (D-San Diego). He warns that this system is actively impacting consumers across the state, and Black Californians could be specifically targeted.

Ward’s Assembly Bill (AB) 2564, the Surveillance Pricing Act, aims to prohibit businesses from using this practice. 

“Surveillance pricing is a growing phenomenon that a lot of people don’t realize is already happening,” Ward told California Black Media (CBM) at the State Capitol on June 29.

On June 22, the bill passed out of the Senate Privacy, Digital Technologies, and Consumer Protection Committee with a 5-2 vote and was re-referred to the Committee on Judiciary for consideration. On May 27, the Assembly voted to advance AB 2564 with a 42-21 vote. 

Currently, there is no precise public data quantifying how many Black residents in California are actively affected by surveillance pricing. However, because the practice leans heavily on ZIP codes and localized demographic tracking, algorithmic pricing models frequently result in higher costs for Black and non-white communities compared to others, according to the Electronic Frontier Foundation (EFF), a leading nonprofit organization defending civil liberties in the digital space.

Justin Brookman, a public-interest lawyer, supports AB 2564. His organization is an official sponsor of the bill. He advocates on behalf of Consumer Reports.

“We found that people shopping for the exact same item at the exact same time, and the exact same store, were getting different prices. In some cases, up to 23% higher,” Brookman said. “So, one person looking at a jar of Skippy peanut butter, it was $2.99. Another person, same exact time, it was $3.69.”

AB 2564 is primarily opposed by a coalition of corporations and technology industry associations. They argue that the bill’s language is overly broad, outlaws common consumer-friendly discounts, and creates costly litigation risks for small businesses.

Chamber of Progress – a tech industry association that lobbies for public policies that expand digital commerce and technological advances – says that banning data-driven personalization would wipe away targeted digital coupons that families count on to prolong their budgets.

In a March 18 written letter to the Assembly Committee on Privacy and Consumer Protection, Robert Singleton, senior director of Policy and Public Affairs for California and the U.S. West at the Chamber of Progress, urged the body to oppose AB 2564.

“We share the legislature’s concern about affordability,” Singleton wrote. “The cost of living is the top issue facing American families, and we understand the impulse to ensure consumers are getting a fair deal. But this bill risks backfiring on the families it aims to help.

Assemblymember Lori Wilson (D-Suisun City) supported and voted for the bill in the Assembly on May 27, but she still has questions about a “litigation risk” that could be costly.  

“Every business or retailer that is spending their time battling courts is spending resources, which drives the cost up for everyone,” said Wilson, a member of the California Legislative Black Caucus (CLBC). 

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