15 U.S.C. § 1679 : US Code - Section 1679: Findings and purposes

Search 15 U.S.C. § 1679 : US Code - Section 1679: Findings and purposes

(a) Findings
The Congress makes the following findings:
(1) Consumers have a vital interest in establishing and
maintaining their credit worthiness (!1) and credit standing in
order to obtain and use credit. As a result, consumers who have
experienced credit problems may seek assistance from credit
repair organizations which offer to improve the credit standing
of such consumers.
(2) Certain advertising and business practices of some
companies engaged in the business of credit repair services have
worked a financial hardship upon consumers, particularly those of
limited economic means and who are inexperienced in credit
matters.
(b) Purposes
The purposes of this subchapter are -
(1) to ensure that prospective buyers of the services of credit
repair organizations are provided with the information necessary
to make an informed decision regarding the purchase of such
services; and
(2) to protect the public from unfair or deceptive advertising
and business practices by credit repair organizations.