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Well the Credit Reporting bureaus would make less money that way, so they can argue against it. And since they're the ones who have to do it and pay lobbyists,
by neaden 9y ago
Well the Credit Reporting bureaus would make less money that way, so they can argue against it. And since they're the ones who have to do it and pay lobbyists, they get what they want.
- maxxxxx 9y agoI just find it hard to believe that there is system where it's OK for a financial company to open a bank account or credit card in someone's name without verifying that person's identity and then still hold that person accountable. From whatever I know about identity theft it's up to the victim to prove that he/she hasn't opponent the account.
- vkou 9y agoThis cognitive dissonance comes from belief in a just, lawful, reasonable world. The sad fact is that the golden rule holds true - the people with the gold make the rules. It's why a bank getting defrauded by someone opening an account in your name is not the bank's problem, but your problem.