4 ms·
1. there is less reliance on credit for day to day spending. 2. banks are liable, so they're more careful. I don't get offers by mail for credit cards,
by lurker456 9y ago
1. there is less reliance on credit for day to day spending.
2. banks are liable, so they're more careful. I don't get offers by mail for credit cards,
and the card I do have has stricter limits.
3. a national ID system
4. specifically for real estate, separate regulation exists.
You cant buy or sell real estate nor take out a mortgage without going through a notary
(heavily protected profession), who ensure that the real estate and the loan to pay for it remain linked.
- davidw 9y agoNotaries, at least in Italy, are a plague on the system. https://www.economist.com/news/finance-and-economics/21646801-highly-regulated-profession-fights-preserve-its-privileges-princes https://www.economist.com/news/finance-and-economics/2164680...
- conanbatt 9y agoNotaries are Dante's 8th layer of hell.
- lurker456 9y agoI'm not convinced they're worse than an Italian version of Equifax.
- davidw 9y agoThey're awful in their own, different way. Did you follow any of the SRLS stuff? Guess who wailed and gnashed their teeth that barbarian hordes would descend on Italy if notaries weren't allowed to collect thousands of Euros for registering limited liability companies?