g051051

34 ms·

331.
by g051051 7y ago
They check all kinds of things, not just credit. Criminal record, job history, salary history, education, etc. How much of that should a prospective employer be "allowed" to check before deciding to hire you? Or a renter check
332.
by g051051 7y ago
> their only tool is the democratic process That's why we have the FTC, GBLA, FCRA and all of the regulation associated with both credit industry, CRAs, banks, etc.
333.
by g051051 7y ago
Saying "I'm not going to loan you money if I can't be sure you'll pay it back" is not extortion.
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by g051051 7y ago
Take a look at a CC application and see where the information on going to a CRA is. I just went to a random online store and started a CC application. Down in the legal section, right in the first couple of sections, clearly visible: &quo
335.
by g051051 7y ago
> my birthday, most of addresses I've had since the mid-90s, every family member I've shared an address with since 1999, information on two vehicles I presently own and one former, Your existence in the world isn't a secre
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by g051051 7y ago
No, it still doesn't make much sense.
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by g051051 7y ago
> It does not follow at all that the issuer should have permission to give information back to the agency. The agreements you sign when requesting and getting credit explicitly grant that right.
338.
by g051051 7y ago
I could be mistaken...I thought there was a clause allowing you to claim up to $125 without having to provide detailed breakdowns of the time and expenses.
339.
by g051051 7y ago
Because the purpose of the 31m USD was to compensate people who had bought credit monitoring, spent time dealing with credit reports, freezes, locks, etc. Out of the 147m people who were potentially affected, what percentage actually inc
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by g051051 7y ago
> We had no say. We certinly had no vote. Why should you? It's the credit grantors who use it. They say "when I grant credit to someone with a score of 800, I'm much less likely to lose money. If they have a score of 60
341.
by g051051 7y ago
This is not "default opt-in", like having the "Subscribe to our email newsletter" checked on an online order form. The sharing of credit worthiness information is the cornerstone of your ability to get credit. It'
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by g051051 7y ago
I've tried a few times over the years to play with it, but couldn't make much progress. The most recent version available is from 2001, and: "But note that COLOR.COM can only run under DOS - not Windows. As you can see above
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by g051051 7y ago
Later reporting seemed to move away from that claim. The official government report didn't mention the "lone IT guy" at all that I could see.
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by g051051 7y ago
Data is considered stolen when it's duplicated without consent. Hence, "made publicly accessible" is incorrect. It was never "public"...people browsing the web couldn't have stumbled upon it, any more than pe
345.
by g051051 7y ago
> I'm advocating default opt-out. For everything. In this system, you'd never get credit. You'd apply for a loan or CC, they'd ask you for permission to check with a CRA and share your info, you'd say no, and th
346.
by g051051 7y ago
He was CIO of one of the business units (Equifax U.S. Information Solutions), not the whole company. That guy (Dave Webb) resigned after the breach, and Jun Ying was going to replace him.
347.
by g051051 7y ago
I'm confused. Are you sure that this affects the dynamic DNS? The free version went away years ago, but the "pro" version is still listed as available for sale on the dyn.com web site.
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by g051051 7y ago
> Any one warehousing my data needs to tell me what, how, why. You already have all of this from CRAs: * They are required by law to tell you what they have related to you every year, for free. * These reports include the source of the i
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by g051051 7y ago
I would be very happy if corporations couldn't patent genes, and if financial data was treated the same way HIPAA data is treated. But the reality is that it's not like that now . And that means convincing lawmakers to change t
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by g051051 7y ago
So your proposal is to use less automation, and rely on a human to do a scan? That's one of the reasons Equifax got into this problem in the first place. None of this is trivial, and you saying it is would indicate you really don&#x
351.
by g051051 7y ago
Even competent security is difficult, especially at the scale that large companies operate at. Attackers are very sophisticated, and patient.
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by g051051 7y ago
I overlooked your complete immunity to logic and facts. Apologies! > My cheap, fast credit comes from my high earnings, high savings, and low burn rate. I receive zero benefit from Equifax (et al). They, however, benefit from my data. A
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by g051051 7y ago
> They profit from my data. I want my cut. You get your cut when you apply for cheap, fast credit and get it. > There are alternatives to (economic) slavery and death. How is any of this "slavery and death"? So instead your
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by g051051 7y ago
And just as many that are breached in spite of their best efforts. Perfect security is impossible.
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by g051051 7y ago
> I wish it didn't come down to imposing regulations, because regulations truly harm market efficiency. But what choice are we left with? But that's what we need. But what do our "leaders" think when people rant and
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by g051051 7y ago
> I'm not sure why you're invested in pretending this is super hard, or that it isn't extremely easy to do correctly if it is a company priority to do so. The enormous amounts of money and time that companies spend on this
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by g051051 7y ago
You said "don't need it, didn't ask for it". For that to be true, you would have never asked for credit, applied for loans, etc. Then the only information a CRA would have had about you (if any) was public information
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by g051051 7y ago
> Or it's a pile of nonsense from a company desperate to deflect blame. How could poor poor Equifax defend itself against foreign governments? Bloomberg has plenty of criticism, they just don't wrap it in the shrill click-bait
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by g051051 7y ago
> A third party I’ve never interacted with gives out my private information without first asking for my permission. But they don't give out private information. They don't get anything but some aggregate data about how well yo
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by g051051 7y ago
Yes, exactly. None of that information has ever been secret or secure. It's ludicrous that it's used to establish identity.

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