A new government study reports that over 40 million Americans have mistakes on their credit reports; and 20 million Americans have serious mistakes on their credit reports. Just before the government study was released, 60 Minutes aired a story about their investigation into the credit reporting industry. As explained by 60 Minutes, both the government study (which was conducted by the Federal Trade Commission and was the largest and most comprehensive such study ever done on the credit reporting industry) found these mistakes are often almost impossible to remove from your credit file.