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The banks aren't the only victims. The person has had their credit rating damaged, and may even be on the hook for fraudulent charges made in their name.
by kagakuninja 3y ago
The banks aren't the only victims. The person has had their credit rating damaged, and may even be on the hook for fraudulent charges made in their name.
- 9991 3y ago> The person has had their credit rating damaged This is called libel. This person is a victim of a crime the credit reporting agency committed.
- nulbyte 3y agoLibel is an intentional act. Agencies are not intentionally reporting false information. Banks may be reporting false information, but even they are unaware until the fraud has been discovered, by which time information they thought was true has already been reported.
- everforward 3y agoLibel can be intentional or a reckless disregard for the truth. I don't know what the courts would interpret that standard to be here.