> the banks that rely on Experian would be suing Experian for facilitating fraud upon the bank. It's a racket, no doubt, but the banks won't be claiming fraud

> the banks that rely on Experian would be suing Experian for facilitating fraud upon the bank. It's a racket, no doubt, but the banks won't be claiming fraud as long as there is sufficient value to them in the aggregate. An account hacked here or there is tolerable, but assessing and managing risk across the bank's entire customer base in aggregate is really the service that credit reporting agencies provide. And according to all the rich people who run the spreadsheets, it's paying off.