3 ms·
Banks and other issuers of credit just need to have high penalties for libeling people when then give false information to credit bureaus. $5,000 for a wrongly
by njarboe 9y ago
Banks and other issuers of credit just need to have high penalties for libeling people when then give false information to credit bureaus. $5,000 for a wrongly reported debt might make the banks more cautious about libeling people when fraudsters steal money from them by impersonating someone else.
- KekDemaga 9y agoIf I was a bank opposed to this plan here is how I would kill it. I'd say (well, I'd pay people with bullhorns and signs to say) the new requirements for 'wrongly reported debt' require banks to have greater ID requirements, greater ID requirements have been linked to less minority representation thus that plan is a racist plot. It would be dead in the water before you could draft the bill.