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| The Equifax stuffshow |
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| Deus Ex:
--- Quote from: Rockinboy2000 on September 08, 2017, 03:48:23 PM ---as much as i love capitalism i think a multi-billion dollar company that has every single bit of personal information on you is where a majority of the population draws the line --- End quote --- Agreed, this is too loving much, I don't care how much info a company needs to determine if they can lend you money or something this is out of loving control. Especially if you get hacked. That's half the population's LIFE just out in the open. Now I have to get identity theft protection in case some friend 30 years down the road gets a hold of my info |
| hillkill:
What your options for responding to Equifax are because if you're an American adult you have almost definitely been compromised. have a read at that. this is serious guys, keep this on the front page. |
| VerticalHorizon:
i feel sorry for the poor bastard who buys my identity from the dark web and finds out i'm literally not eligible for anything due to "Insufficient Credit History" |
| LeisureSuit912:
--- Quote from: Tactical Nuke on September 08, 2017, 07:48:21 AM ---I'm genuinely shocked our more leftist users haven't gone on an anti-capitalist tirade yet, this is like the one thread it'd make sense to do it on --- End quote --- I didn't see the thread until now But yeah, this is a stuffshow. Of course as is the custom in our system none of these executives will go to jail. On the (mild) plus side the GOP has been trying to gut consumer protection laws so hopefully this scandal slows their efforts down Honestly we should nationalize the credit bureaus. |
| *Trinick:
--- Quote from: LeisureSuit912 on September 13, 2017, 02:13:50 PM ---Honestly we should nationalize the credit bureaus. --- End quote --- You're right, because, you know, the government never gets hacked. Equifax is a huge, huge, enormous company. Whatever you're imagining, you're wrong. It's bigger. They're the largest credit bureau over Experian and TransUnion, and they've got an enormous number of products that every single financial institution in the loving country uses. I work in the financial sector as a programmer, and today alone I wrote code to integrate two different Equifax products with our software. They also undergo constant security audits, entry tests, and are subject to so many regulations that making a move is probably like being on an obstacle course game show. There's very little that could have been done to prevent this, and hindsight is 20/20. The unfortunate permeating truth to the matter is that Equifax, and credit reporting agencies in general, are essential to the operation of our financial system. Automatic loan decisioning is the reality of the world now, and it's only possible because machines can eat up all the information about you and spit out a response. If the credit bureaus went away, every lender in the world would have to hire private investigators to figure out if you are credit worthy. |
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