Absolutely! I am in the middle of a dispute right now, and the time and energy I must spend to correct all three credit reporting agencies and the stupid creditor who allowed another person to take out a credit card in my name and overspend and not pay the balance is utterly ridiculous! If the mistake was mine, I would own it and do all the work gladly. But the fact that a company that makes a mistake has no requirement to correct that error promptly and without the victim’s having to pursue them is wrong. I have cards with Chase Bank, and they are always responsive and correct my issues without problems or delays. Not all creditors are created equal. A law like this is surely needed!! I urge my legislators to support this bill!