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To open a bank account. Not to open a credit card account. Applying for a credit card involves essentially no verification of identity other than asking for so
by TheCoelacanth 9y ago
To open a bank account. Not to open a credit card account.
Applying for a credit card involves essentially no verification of identity other than asking for some information that is supposedly but not really secret.
- jsjohnst 9y ago> Not to open a credit card account. And there is a large part of the problem. If equivalent to KYC laws applied to credit cards it would likely cut down on criminal's ability to get credit in someone else's name.