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March 10, 2005

Credit Industry Regulation

consumer reports choicepoint logo This Houston Chronicle article reports that consumers need protection from the credit industry.

Last year, nearly 10 million Americans were victimized by identity thieves using information maintained by companies such as ChoicePoint. According to the Federal Trade Commission, identity theft is the nation's top fraud complaint.

ChoicePoint executives, who dumped millions of shares of company stock in the weeks before the scandal hit, refer to the far-reaching security debacle as "crimes committed against ChoicePoint." If true, then ChoicePoint should try to contain and reduce the harm the crimes have inflicted on others. ...

 

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HoustonChronicle.com - Personal injury: ChoicePoint disaster points out need for regulations

Posted on March 10, 2005 11:55 AM by Consum40.
Filed in Reports by Consumers under consumer issues.
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