4 ms·

I would be interested in knowing if this is how the banks get around the libel problem. New laws should be enacted preventing that, if that is the case.

• oh_sigh 8y ago
  For one thing, what I said above. For another, it is impossible to libel someone by one private party telling another private party information. Being published is a necessary condition of libel.
  • mmt 8y ago
    A credit reporting agency seems very much like a publisher. They receive statements from some parties and distribute them (usually more widely) to other parties.
  • njarboe 8y ago
    If a credit bureau creating documents for others to use for various reasons in not publishing then Congress needs to pass a law declaring it is publishing or make a law that what the banks do to people when reporting false statements to the credit bureaus is a crime. Do you think that a creditor that reports a false statement that a person defaulted on a loan is not wrong and should not be penalized? Its great for the people that loan money but not how any reasonable person would think the world should work.