72 ms·

Isn't that what class action suits are for?

• Frost1x 4y ago
  How do you class action "my specific credit report is false because of this specific information." There needs to be a third party regulatory agency with real teeth where you don't need a pile of money to refute claims, just a little time for the regulatory agency to pressure them on your behalf. The courts aren't it although they probably should be. The problem with our legal system is that in large part pointed out by GP, there's often a financial correlation in just how much you can utilize it which makes it ripe for exploitation by those with piles of capital laying around.
  • zie 4y ago
    You are right, in an individual case like that, it's hard to make it a class action, but I'm sure there are plenty of cases where they get some bad data from some vendor, and then promptly update 100k accounts with this bad data. Well that's 100k class action participants. :)
  • dvtrn 4y ago
    > There needs to be a third party regulatory agency with real teeth The CFPB could probably use sharper teeth
• swat535 4y ago
  Right and how did it out ended up working in case of the Equifax breach? "Class actions" achieve very little; the only thing they do is make lawyers wealthier and if by some miracle the case succeeds, everyone else will get a 5$ coupon. Real change requires changing laws by the democratic process and that can only happen when the population unites to hold the government strongly accountable. I would argue that any other solution is a bandaid.