Why isn't the credit issuer held libel? (Score 1)

Since the company that issued credit to someone using fraudulent identification, why are they not held libel due to their negligence? Why is the person who has had their identity stolen responsible for cleaning it up, when the credit issuers are the ones that have ruined it by giving credit to someone using a false ID. Credit issuers are not making enough identity verification if identity theft is occurring.