Personal Injury Resources

This article, filed under "Personal Injury" says that the credit industry needs regulation.

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. The firm's own laxity, fueled by its eagerness to make sales, allowed criminals to use open, seemingly legitimate accounts to buy sensitive financial information belonging to unwitting consumers.

When the information brokers can't spot a fake and will sell to all comers, what hope do consumers have to protect their assets and good credit ratings? This pervasive problem demands a comprehensive solution to protect law-abiding citizens' credit and privacy. In the meantime, perhaps ChoicePoint can explain how it came by all this personal information and what right it has to sell it at a profit.

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Read more from this blogger: HoustonChronicle.com - Personal injury: ChoicePoint disaster points out need for regulations