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One easy, but indirect, fix would be to remove the legal special casing that exempts credit reporting companies from libel laws. That would force a number of o
by _jal 5y ago
One easy, but indirect, fix would be to remove the legal special casing that exempts credit reporting companies from libel laws.
That would force a number of other changes, and I think they would mostly be positive. Those whose businesses depend on high-volume easy credit may disagree.
- gruez 5y ago> One easy, but indirect, fix would be to remove the legal special casing that exempts credit reporting companies from libel laws. I wonder if this can be bypassed by a warrant canary (or repayment canary)? Basically instead of having creditors report that you defaulted on your debts, creditors will just report whether you opened/closed a line of credit, and whether you're current on it. If you aren't current, then the algorithm assumes you're delinquent. Since you can't compel speech (first amendment), you'll have a very hard time forcing companies to do something.
- vageli 5y agoHas the legality of a warrant canary ever been tested? Commenters on this site often mention that the law is not executed by machine, and so it seems a court would see through this charade.