Or maybe: 1. Bank loans money to a fraudster with your information. 2. Fraudster does not pay back the bank. 3. Bank commits libel and tells the credit agenc

Or maybe: 1. Bank loans money to a fraudster with your information. 2. Fraudster does not pay back the bank. 3. Bank commits libel and tells the credit agency that you defaulted on a loan 4. You tell the police that the bank broke the law. 5. Bank gets heavily fined and stops lying to the credit bureaus. 6. "Identify theft" no long exists.