By Kenneth R. Harney, Washington Post
For mortgage applicants and home purchasers, it's been a six-year wait, but the Federal Trade Commission and the Federal Reserve finally have come out with important consumer credit protection rules first required by Congress in 2003.
In late December, the two agencies published regulations designed to safeguard loan applicants from needless overcharges on interest rates caused by erroneous or outdated negative information in their national credit bureau files.
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