I agree. First, it could be made a criminal offense for a company or bank to lie to credit agencies and then public prosecutors could pursue these companies for

I agree. First, it could be made a criminal offense for a company or bank to lie to credit agencies and then public prosecutors could pursue these companies for big PR wins. Second, making giving and getting credit harder to do is probably a good thing for society. Do people really need to take out a half million dollar home loan from their phone a la Rocket Mortgage? Many cultures had/have very strict rules about charging interest on loans. Debt jubilees were common in past civilizations and seem necessary to prevent the masses from creating their own via revolution. Making personal loans illegal and bringing back the loan shark is not the way to go, but making going into debt to buy consumptive goods much harder would be big positive for most people in the US. Like you said, there is a huge amount of money and power behind easy lending, so change seems unlikely. On the other hand, change seems to be in the air these days, so maybe one can afford a bit of hope.