> The banks do not have sufficient incentive to improve their identification methods On the contrary, they stand to risk 100% of the loaned money. What more co

> The banks do not have sufficient incentive to improve their identification methods On the contrary, they stand to risk 100% of the loaned money. What more could be at risk. Also the fair credit reporting act has pretty strict requirements for what a bank or credit agency should do when you’ve told them the debt is fraudulent, returning you to whole eventual. What would be required to fix false identity frauds? Is that more or less tolerable for society than X% of people dealing with a stolen identity. What about people who have some problematic history (ran away from home, prior homeless, etc)? How would strict requirements impact them? Really I guess my question. Oxygen_crisis, why do you believe identity theft is actually a problem that needs solving?