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There was a push a while back to call it bank fraud. Because the banks are the victims and should be responsible to protect/insure themselves. By calling it id
by dec0dedab0de 4y ago
There was a push a while back to call it bank fraud. Because the banks are the victims and should be responsible to protect/insure themselves.
By calling it identity theft, we are saying individuals are the victims and should protect the banks from someone pretending to be them.
Edit:
I also believe there was an argument that banks reporting to credit agencies based on fraudulent activity from a 3rd party should be treated as libel.
- deleted 4y ago[deleted]
- cush 4y agoEvery bank I deal with (3 of them) take responsibility for any claims from identity theft/bank fraud. Looks like the push worked!
- jen20 4y ago> I also believe there was an argument that banks reporting to credit agencies based on fraudulent activity from a 3rd party should be treated as libel. This is interesting - do you know if it has ever been tested?
- buildbot 4y agoI’d donate to gofundme for the legal costs next time it comes up…
- dec0dedab0de 4y agoI don't know, and I don't even remember where I heard it, I think it was on here but I dont know. I think maybe I was wrong about 'bank fraud' and the term being pushed was 'bank libel' instead of identity theft. Because all the negative sides of supposed 'identity theft' were from the banks saying the individual did something they did not.