| reply to Fatal Vector
Re: Why? said by Fatal Vector:Ahem... Identity theft is one of the biggest pains in the ass ever for the person who's identity is stolen and that pain WILL translate to complaints and pressure on lawmakers. And what are the penalties for identity theft? Apparently, not harsh enough because some people commit this crime over and over again.
The old TV show "Max Headroom" commented that, in the future, "Credit Fraud" was more serious than murder.
We need much stiffer penalties against credit fraud both for individuals that commit it and companies that facilitate it. |
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I said: "when the laws and lawsuits start flying", as they inevitably will. Pressure on congress and state legislatures WILL mount as more and more instances of ID theft happen and people are caught up in the quagmire of the credit bureaus treating THEM like they are liars, cheats and criminals when they try to undo the damage done to their credit histories and reputations.
The laws WILL change concerning credit, etc and the credit bureaus had better wake up and smell the coffee before the wrath of lawmakers falls on them.
It may take some time, but it WILL happen and there will be massive changes in how credit, etc works in this country, since credit is at the heart of the economy.
One thing is for sure: The holliday is definately over for the credit card companies and credit bureaus.
They have had it good for a long time, but ID theft will prove to be their downfall because people value their reputations and get really riled when they are treated like the criminal when they are innocent.
As I said: The ripple effect consequences to business, consumers and the economy will be stunning to behold once lawmakers start taking up ID theft laws. It will be federal most likely under the interstate commerice banner, allthough, doubtless, states will get in their licks too.
I, for one, will be glad to see these arrogant shits get theirs, finally. As I'm sure will many of you.
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