well in 2012 the ftc conducted a major study that showed that one of every five americans had at leastrror on one of their credit reports. in their follow-up study, in 2015, 70% of consumers believe their information is still inaccurate. well tonight, on this larry king special report is your credit in crisis? one of the country's greatest experts is gonna reveal the inside credit secrets you need to turn your financial life around. john ulzheimer is a nationally recognized expert on credit reporting, credit scoring, and identity theft. formerly of fico and equifax, he's the only recognized credit expert who actually comes from the credit industry. welcome john. - larry, thanks for having me, i'm very excited to be here. - john, for those of us who live in beverly hills, what credit crisis? - well, larry, look, even though things may be great for you, one out of three americans have low credit scores. one out of three. so let's say i take you with your incredible credit score and one of the tens of millions of people with a low credit score into a car dealership, you will be in and out

have those been referred to the ftc and have they acted upon those? mr. london? >> i am not personally aware of any referrals that have been made. >> mr. bright? >> yeah, we were -- what we've been doing is collecting solicitation materials that are generally from actually brokers, not lenders themselves. they originate these loans and sell them to a lender. and what i'd love to do is, you know, we've got a pile of them, so i've asked all the veterans at ginnie mae to collect these solicitation materials they get. i'll share them with you. they're not lies. they're just -- you'll -- we'll sit down and talk to them. >> i'm trying to be real careful in this hearing to not say predatory and deceptive because the ftc ought to pursue that and bring the full force of the law against people that are doing that. then where we need to tighten it up, where there is some fastness and looseness, that's what you guys can do and then, again, for me ultimately, the safety and soundness of the program, this is offered because the taxpayers allow this to happen, because they love

. >> i'm just wondering if you could comment any further on the ftc nominees and how they might set, you know, and enforcement trajectory since the ftc, or since the fcc has handed over some of its powers in that regard on net neutrality proceeding. >> i i put out a statement about the nominees. they are very impressive array of individuals both individual and as a group. i think they bring wealth of experience to the commission, or would if they were confirmed and i look for to working with them on some of the areas where we have joint interest. so, for example, i targeted robocalls when we ship consumer protection function. we have responsibility to voice but we share that interest. similarly with respect to promoting competition, there are areas where we can collaborate. i'm excited to see what the new team brings to the table and also want to take the opportunity to thank the outgoing chair of the federal trade commission or ring allows them to cheat and a fantastic job both praise it as a commission that now over the last as the acting chair. she is shown leadership i think acro

in addition to the ftc, they're not alone. there's the body of antitrust law that we have, the court system. we have 50 attorneys general that have consumers' backs in providing broad, general consumer protections to them as well. ultimately, however, the work of insuring net neutrality protections, of developing a thoughtful and consistent national policy framework for this most important phenomenon that we call the internet is the responsibility -- i would even say it's the obligation of congress to undertake. we've got work to do to push that log up the hill, but i am confident just as we were able to do in 1996 in a bipartisan way where democrats and republicans came together with a common voice and in common cause to develop a national policy framework that now 21 years later we can do the same thing. it's time. consumers expect and require and deserve nothing less. >> so is that the vision of the bill that would have bipartisan support, that would enshrine some of these protections that people are really concerned about,

in this space, the ftc should be able to regulate the practices. has therhave there been any cass referred where there's been unfair and deceptive things going on that could disclose better there is safet. safety and soundness for the taxpayer in the program but then there is the deception and on the scrupulousness by offering one thing and have it be another thing. have those been referred and how they acted upon those mr. london? what we've been doing is collecting solicitation materials generally from brokers bought lenders themselves but they originate and then sell them to a lender. what i would love to do is we've got a pile of them so we collect these solicitation materials and i will share them with you. we will sit down and talk to them. i'm trying to be careful in this hearing because the ftc ought to pursue that and bring the full force of the law and then where we need to tighten it up where there is some vastness and looseness and then again for me ultimately the safety and soundness of the program this is offered because the taxpayers

the ftc now opening an investigation into the mistaken warning, which led terrified residents and tourists to think the end was imminent. they got their push alerts on their cell, and for the first time this morning, we're hearing the audio recording played on television, and radio. >> the u.s. pacific command has detected a missile threat to hawaii. a missile may impact on land or sea within minutes. this is not a drill. if you win doors, stay indoors. if you were outdoors, seek immediate shelter in a building. remain indoors well away from windows. if you are driving, pull safely to the side of the road and seek schettner a building or lay on the floor. we will announce when the threat has ended. >> a frightening message indeed. nbc's sarah dallof has the story. >> reporter: for nearly 40 minutes saturday, residents and tourists in hawaii feared nuclear was imminent. after this emergency alert was mistakenly sent to cell phones statewide. >> i just went to a concrete building. >> i was with my two little girls who are 8 and 10, so kids are crying and nobody really knew what to do. >> rep

and the ftc itself is not affecting institution. its own members would admit to that. -- one isu really extremely hard-pressed to make an argument that there is an effective mechanism for either regulating or even disclosing the world of special interest money in politics. it is not just corporate money. there is lot of other money. there is high-tech money and labor money. have to be extraordinarily naive to believe that much money can flow into the system and not distort the operation. >> which we saw in the citizens united case. the other point is the makeup of the house and senate generally in 1984, how did -- 1974, how did it change in 1975? john: the senate picked up 49 seats. the democrats had what many people assumed to be at that point a vetoproof majority. one of the stories i tell in the book, which is very significant in explaining the history of that era, was that there was a great deal of frustration against the leadership of the congress a cause were not able to overturn resident for's veto. there was expectation -- p

. >> the company is going to be paying two-thirds of a million dollar dollars to the ftc. faced allegations they've been using and holding on to kids digital data without permission from parents. this is something a lot of parents are concerned about. ftc said worse than that, actually leaving that data liable for cyber hacking which is obviously a huge problem. the commission faced a lot of criticism over the last couple of years for not moving quicker on these kind of cases. this case from 2015 when first alerted about it. a lot of concerns with children's privacy with smartphones out there right now. speaking of critics and kids, the clothing company h and m in a lot of hot water over a sweatshi sweatshirt. they immediately after criticism online pulled the product and photo from the website for seemingly being racially insensitive. a lot of bad pr for h and m here. >> rightfully so. i don't know how that happens. >>> also looks like trouble on the horizontal for camera maker gopro. cutting a fifth of work force for the second time in two years. what does it mean if the

i'm talking about the ftc or similar regulatory agency. you certainly could have said the same thing about microsoft, at&t, or standard oil at the time frames that they came in the crosshairs >> i see those green amazon fresh boxes all over my neighborhood >> yours and everybody else's. >>> up next, bullish options moves, and an overseas play, how pete is trading it, when "halftime" returns where can investors seek predictable income in an uncertain world? pgim sees alpha in real assets. like agriculture to feed the world. and energy to fuel its growth. real estate such as e-commerce warehouses. and private debt to finance transportation and infrastructure. building blocks of strategies to pursue consistent returns over time from over one hundred fifty billion dollars in real assets. partner with pgim. the global investment management businesses of prudential. >>> i'm contessa brewer. president trump is meeting with israeli prime minister benjamin netanyahu in davos he says the palestinians must return to peace talks with israel in order t

out there that don't exist to do with this is getting monetized, so i think there is a poll from the ftc and congress. >> this is an area that the committee will be giving an investigation. >> the state of the markets into the net overall. >> you've got to put the consumer first and to keep the consumer first it means you have a market you can trust and that will drive innovation and competition to lower prices and expand choices for consumers and of his bad behavior we will go after that i don't care who it is. the commerce committee has a pretty good record on doing that, going back republican and democratic chairs. >> you mentioned earlier in the wake of the 600 megahertz auction which you and i worked on a little bit. it is a complex endeavor and you mentioned before that there might need to be some more help or thought in this area. >> the commitment when it was being put together is if you are not a part of the option we will make sure that you are not harmed in terms of the overall viewership or whether you should have to pay a price with a penalty just because you are licensed an

. >> and the ftc is now promising to launch a full investigation into the incident. the defense department is already making some changes to prevent this from ever happening again. now they are requiring two people to be in charge of the alert-sending process. marianne favro, nbc bay area news. >> marianne, thanks very much. we've been following this story since it first broke. we posted this picture of the alert, seen by everyone in hawaii. posted it there on our twitter feed. follow us, our twitter handle is @nbcbayarea. >>> surfers on standby for the competition are told to stand down. it's not going to happen tuesday after all. the world surf league called off the competition after closely monitoring conditions for the past 4 hours. organizers had been organizing monday, last year surfers didn't get a chance to compete because the organizers declared bankruptcy. the hope now is the right conditions develop before the competition closes february 28th. we have time here. rob mayeda tracking the conditions, rob? >> watching wave heights through next week, six to eig

the ftc issued a test kit privacy warning. it can disclose the buy logical building blocks of what makes you you. >> most people don't think this could ever come back to bite them but it can. >> the real risk is if your raw dna data contains a marker for a serious illness. >> if you apply for life insurance they have a right to get all of your medical records and if you've had a genetic test taken they have the right to request it. >> consumers need to think about that before they go and have genetic testing done. >> insurance commissioner dave jones explains life insurers can ask if you've ever taken a dna test, ask you for the result. >> and use it to decide whether they're going to give life insurance and how much it's going to cost. >> can you refuse to hand over the information. >> they can still then decide not to give the life insurance. >> on 23 and me the only site that offers both ancestry and health information after you order your ancestry report they offer instant upgrades to get your health data too. >> you can r

the ftc recently issued this privacy warning noting that tiny sample you send away could disclose the biological building blocks of what makes you, you. >> most people don't think that if they get a genetic test, it could come back to bite them. >> reporter: he says the real risk is if your raw dna data contains a marker for a serious illness. >> if you apply for life insurance, they do have a right to get all your medical records and if you have had a genetic test taken, they do have the right to request it. >> reporter: while health insurers may not use genetic test results, life insurers can. >> consumers need to think about that before they go and have genetic testing done. >> reporter: insurance commissioner dave jones explains, life insurers can legally ask if you have ever taken a dna test, ask you for the results. >> and can use it to decide whether they will write life insurance, how much it will cost and other provisions of the insurance. >> reporter: can you refuse to hand over the information? >> they can still then decide not to write the life insurance. >> reporter: if y

first the next-generation television standard ats be 3-pointer which is recently approved by the ftc has many features that will improve emergency alerts including the ability to wake up sleeping devices more precise geo-targeted alerts and reaching multimedia files such as weather radar news evacuationd maps and even video files with detailed explanations about the emergency and what to do. new britain the tory hurdles should not be placed in our way as we deploy nextgen tv. second broadcasters are in the final and most complicated phase of the incentive option, the repack phase. nearly 1000 television stations will be moving to new channel assignments and this will also impact over 700 fm radio stations on co-located towers. broadcasters need the time and money required to make these movesrs successfully and without impairing the public's ability to access emergency alerts that i ask for your support of the viewer and listener protection act sponsored by senators moran schatzsc and eight other colleagues and urged its passage is no station should be forced to air due to lack of fun

and the ftc itself is not affecting institution. its own members would admit to that. -- one isu really extremely hard-pressed to make an argument that there is an effective mechanism for either regulating or even disclosing the world of special interest money in politics. it is not just corporate money. there is lot of other money. there is high-tech money and labor money. have to be extraordinarily naive to believe that much money can flow into the system and not distort the operation. >> which we saw in the citizens united case. the other point is the makeup of the house and senate generally in 1984, how did -- 1974, how did it change in 1975? john: the senate picked up 49 seats. the democrats had what many people assumed to be at that point a vetoproof majority. one of the stories i tell in the book, which is very significant in explaining the history of that era, was that there was a great deal of frustration against the leadership of the congress a cause were not able to overturn resident for's veto. there was expectation -- p

the ftc says some of the electronic toys collected personal information from hundreds of thousands ofthout parental consent. >>> if you're planning to go to the super bowl, you better book your hotel room right about now. out of 45,000 rooms in the area around u.s. bank stadium in minneapolis, many are already booked up. that's partly because of a deal minnesota made in order to host the bug game. they agreed to dedicate 20,000 rooms to the nfl. the rest of the remaining rooms are going fast. >>> sgl my advice is don't de y delay. pick up the phone and call hotels. or go online and see who is still showing inventory. prices are higher than they would be in a non-super bowl time. >> some hotels are charging almost $500 a night. experts say to make sure plans are concrete if you should need to cancel your reservation, you might not get a refund. >>> if you're not heading to minneapolis, we have you covered. watch super bowl lii here on nbc 10. >>> eagles safety helped get fans hiked up for the playoff run. they served up coffee at this dunkin' donuts. he was a little out of his element

i don't know when the ftc is investigating -- >> this is one of the things i thought hock tan shouldalk away it's hurting the shareholders. you don't want to see that government investigation it's becoming a little bit like the man of lamancha. >> man of la mancha? tilting at wind mills, right >> tilting at qualcomm it's time he -- i love him hock tan is the greatest great compiling of semiconductor companies, ight? but it's time for hock -- i feel like i can call him hock, it's time for hock to settle down and say,listen, this was a great attempt but now we're moving on. you know what, may i suggest that people look at united technologies and honeywell remember when honeywell -- >> yes. >> moved on. said never and everybody won. >> qualcomm, the ee quiquivalenf qualcomm won i think he'll listen. >> news on the nxp deal. -- >> what price? they got approval? >> yes, from korea and from the korean fair trade and the european commission. so korea fair trade commission and european commission authorized qualcomm's deal to acquire nxp. they still have to wait on china. the shareholders at

. >> reporter: meanwhile, ftc chairman ajit pai responded to mayor liccardo's statement today, saying, quote, bridging the digital divide continues to be my top priority. back to you. >> scott, thanks very much. >>> helping sexual assault survivors. a step stanford students are taking to help. >>> while put a track on this storm plus details on a much colder start for your friday morning, in about eight minutes. even if no one in your home smokes, secondhand smoke can be closer than you think. secondhand smoke from a neighbor's apartment can enter your home through air vents, through light fixtures and even through cracks in the walls and the floors. secondhand smoke is toxic. especially to children. protect your family. visit tobaccofreeca.com. stanford university wants to let those students get the >>> working to help victims of sexual assault and rape. stanford university wants to let those students get the care they need closer to campus. nbc bay area's anousha rasta is live in san jose where some say location is key for victims of sexual assault and rape to report the crimes. ano

senate and house intelligence committees reportedly sent letters to the ftc, arguing that huawei wasthreat. and it is bad timing for huawei. the company showed off their new smartphone earlier this week. and now, we head back to the consumer electronics show in las vegas. while there we caught up with , sony ceo kazuo hirai. he told us that sony wants to be a buyer in media consolidation, so naturally, we asked just to they might be targeting? take a listen. the strategy write-down was to make sure we really have a really strong operation, first and foremost, before we start looking at options. as these assessments come up, we will enter into them, but we need to make sure that we set up our own studio. emily: so let's talk about the , broader strategy then. with that involve better ip, better distribution, better tieups in asia, a focus on more niche movies, for example? >> i think you hit some great points. the first thing we really need to do is look at the a.p. library that we have -- the ip library we have, "spiderman" being one of the greatest. we have a lot of other ip's, "jum

without the government stepping in with some regulation, for example, the ftc could be more aggressivet blocking these acquisitions that strengthen the data monopolies. >> are humans viable alternative to al toal to al gore ridges? >> the crowd sourcing as we have seen has created unintended consequences you need to point to a nonprofit body of journalist that's could identify trustworthy news sources. >> then you have to identify the trustworthy journalists, they have to be the ones that is part of this committee. but what if you're a consumer and okay giving up data because you get something in return? that's what a the love consumers say. we're in this world. this is not going to change. as long as i no he that i'm getting some ben filefit, it's . >> people don't realize how much tracking and monitoring is going on and the negative consequences like the filter bubble and so 24% of americans we found last year are now taking significant actions to curb this negative practices and protect their privacy online it's become a mainstream issue >> 76% are not >> yeah. >> from duckduckgo, t

or if there is, even without the competition what could happen today is of the ftc could step in and carpet could step in immediately. with a without this decision the internet is not going to go away. away. my problem that i've had with it is both sides have exaggerated so bad what's going to happen and concerned consumers that we are in a position now of, where there's people that have such malicious intent toward the present chairman of the fcc that his kids are being bothered. they're getting death threats. this is not american to go after a public official who frankly is a a brilliant guy doing what he thinks is right with a lot of substance and do what's behind them and a lot of good people disagree on both sides but the fringes and extremes on this issue are a reflection of the very that direction that i believe the country should not be going in. >> host: what does it take to put on a show like this? >> guest: we plan so far ahead would try to focus on trends that we see in the future. we aggressively reach out to our own partners so we can see with the knowledge is going. we

he is 65 years old, stands about 5'9" ftc and has salt and pepper hair.mentia, nonverbal, but he will answer to his name which is danny. they, of course, have been in agony over the past almost week as he has been missing. they looked for him the second he vanished from that costco off baltimore avenue. however, over the weekend, volunteers did join in that search. and then on sunday came that lead from police. the family also calls credible that there may have been a sighting of dehaven in anne arundel high school in anne arundel county and he may have been dropped off from the route 1 area where he was last seen to the 800 block of annapolis road in gambrels by an unknown driver. we did ask dehaven's son ifhe arundel county area and they say that they do. and that may be why they want to take this lead extra seriously as they look for their father who has now been missing for almost a week. we have additional resources on our nbc washington app. the family also has an account set up on twitter and facebook to inform the public. in beltsville, i'm justin

because if this was actually an issue, the ftc would've scrutinized the whole foods acquisition a helllot more than just a one sentence response, which we think was, wasn't -- cory: you are putting your faith -- you are putting your faith in government regulators? really, james? you are? james: i am just saying that there are priorities and there are incentives. what are the regulators incentivized to do? it is incentivized to attack the things that, you know, can affect their political prospects. and amazon -- cory: yeah. i will give you that. i'm just giving you a hard time. james: i think 2018, the bigger story for 2018, all of these companies have been growing in their own right. but i think what you will see in 2018 is for them to start to encroach on each other's territory. you have the google versus amazon battle brewing. you have the google versus facebook battle brewing. and i think that those battles will continue to escalate. so it will be a question of not will these companies get bigger, but will there be a zero sum type of aspect? where share shifts will start to occur be

i think there's role for the ftc, the fcc and congress. >> is this an area where your committee will be doing some further investigation? >> yep, absolutely. >> on the state of the market, the state of the net overall? >> absolutely. here's my view, you've got to put the consumer first. and if you put the consumer first, it means you have a market you can trust in, and that will drive innovation and competition which should lower prices and expand choices more consumers. and if there's bad behavior, we will go after it, i don't care who it is. and the energy and commerce committee has a pretty good record on doing that going back, republican and democrat chairs. >> excellent. so you mentioned earlier the broadcaster repack process. this is in the wake of the 600 megahertz auction, the spectrum act of 2012 which you and i worked on a little bit together when i was at the commission as you were writing it. and it's a complex endeavor with the fcc's about to undertake, and you mentioned before there might need to be some more help or thought in that area. i wanted you to sort of elabora