Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror
Privacy

+ - Credit industry opposes anti-ID theft method->

Submitted by
athloi
athloi writes "Lawmakers across the country — pushed by consumer advocacy groups — are mounting a counterattack. They have passed laws that allow consumers to freeze their credit, a surefire way to prevent thieves from opening new accounts or obtaining a mortgage in a consumer's name. Under a freeze, a consumer cuts off all access to his credit report and score, even his own. All lenders require that information, so no one can borrow money in the consumer's name until he or she lifts the freeze. It's simple, and it works. So, of course, it's under threat from the Consumer Data Industry Association, which represents the Big Three credit bureaus. They make millions gathering and selling consumer data. Freezes cut into that business.

http://news.yahoo.com/s/usatoday/20070703/cm_usato day/aweaponagainstidentitytheft"

Link to Original Source
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Credit industry opposes anti-ID theft method

Comments Filter:

Klein bottle for rent -- inquire within.

Working...