More On Sidesteps FTC Rule

On April 2, new Federal Trade Commission (FTC) rules went into effect that require for-profit credit reporting sites to direct consumers seeking a free credit report to a government site that offers one complimentary credit report per year.

In an effort to circumvent the FTC crackdown, is now charging $1 for a seven-day trial membership in its credit reporting service. Previously, consumers who signed up for the service got a free one-week trial that automatically transitioned into a monitoring service subscription that costs $14.95 a month. The FTC didn't think Experian, which owns the site, disclosed the automatic membership clearly enough in its commercials.

Associate Editor

Lauren Williamson

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