A Federal Trade Commission report on the insurance industry's controversial use of consumer credit records to rate them as risks will not be ready by its federally mandated December deadline
The report was called for in the Fair and Accurate Credit Transactions, or FACT Act of 2003, which extended provisions of the Fair Credit Reporting Act and implemented a number of reforms designed to help consumers track and protect their credit information.
Added to the legislation through an amendment by Rep. Luis Gutierrez, D-Ill., the report is officially due on Dec. 4.
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