5 ms·

How could consumers force this outcome? Is there anything we can (collectively) do?

• flattone 6y ago
  http://i.dawn.com/primary/2015/11/564303181a339.jpg http://i.dawn.com/primary/2015/11/564303181a339.jpg
• vkou 6y ago
  Vote. Vote in the primaries. Vote in local elections. Vote in federal elections. Vote for people who will make their business model, in the manner they practice it, illegal. If you don't want to vote, you can get even better ROI if you convince other people to vote instead. As a consumer you can't do anything. You are not their customer. They are not accountable to you. As a citizen, you have power. They require your permission to operate.
• smnrchrds 6y ago
  Everyone has to stop using services from financial institutions who use Equifax (i.e. almost all of them) until they cut ties with Equifax. If millions of people cancel close their BoA account in a single day, I imagine BoA would dump Equifax. Of course, like most vote with your wallet schemes, this would never work in the real world. Anything that requires collective action of millions or billions of individuals, will either die with a whimper or make its way to history books as a once-in-a-century event. We cannot solve climate change by boycotting polluting companies; there is no way enough people join the boycott to make a difference. This is the same. Like climate change, the only realistic path of success is political pressure. Equifax will remain as is as long as the legislature leaves them alone. If you want this to change, get involved in politics, write to your politicians, run for office.
• spicymaki 6y ago
  Yes, it is called activism. Here is the formula: 0. Start up a nonprofit with the sole intention of eliminating nontransparent consumer credit reporting and data collection. 1. Come up with a charter for the organization. 2. Promote the organization (distribute pamphlets, have public meetings, speak at colleges, lecture halls, churches, newspaper op-eds, etc). 3. Attract like minded people. 4. Raise funds. 5. Promote and support politicians with similar objectives or convince existing politicians through lobbying. 6. Change local state laws change to ban the practice. 7. Change state laws for a majority of states in the US to ban the practice. 8. Change federal laws to ban the practice. 9. Block and impede efforts by greedy companies to reverse the new regulation.
  • Traster 6y ago
    You made a typo, step 4 was meant to be "Raise funds by selling your organisation to Ethos capital"
    • IgorPartola 6y ago
      What is Ethos Capital?
      • Traster 6y ago
        They're the guys buying .org so they can jack up the prices.