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The only real problem with most of these "identity theft" problems are that lenders are not punished/fined when they lie to credit bureaus and say you borrowed
by njarboe 8y ago
The only real problem with most of these "identity theft" problems are that lenders are not punished/fined when they lie to credit bureaus and say you borrowed some money instead of someone who has impersonated you. Prevent the banks/loan makers from libeling you and this information leaking is not that much of a big deal. Banks might not like it, but the populous would definitely support it.
- drewmol 8y agoTo further your suggestion, start referring to "identity theft" as fraud. Banks/loan makers don't just libel you, they further the initial crime and commit fraud every time they transfer/sell/bundle the fraudulent debt.
- njarboe 8y agoThere needs to be a specific phrase to replace the phrase "identity theft". I think the phrase "bank libel" could work as it is not a phrase currently used very often. Unfortunately "bank fraud" is a common occurrence, so not a great name for this specific type of bank fraud.
- cal5k 8y agoWell, the above solution would actually allow you to connect the stolen number to the specific organization you supplied it to. That would help with accountability quite a bit!