Mandate a Standard Consumer Credit Score Formula and Standard Reporting Requirements to eliminate unfair burden.

There is significant consumer burden with regard to the lack accuracy of credit reports. In addition, credit scores reported to credit granting entities can vary from the same source--to the consumer and to other credit granting entities. e.g. 1 score to the consumer, 1 score to Bank A, and 1 score to Bank B with all score reports provided by the same source. This creates significant costs and unfair consumer burden when applying for a mortgage or other reasonable financial instruments to pursue many of life's essentials such as a home and transportation. The consumer bears the burden and is accountable to satisfy any requirements of a loan. However, there is no credit industry accountability to the consumer for balanced and accurate reporting. Thanks for considering this petition.