Millions of Americans have had their personal data compromised in data breaches at American businesses. These breaches raise legitimate questions about the storage and usage of personal data by private industry. The criminals responsible for these breaches often reside in nations that fail to cooperate with United States law enforcement agencies. The stolen data is often sold on the black market and can potentially be used for fraudulent purposes. Many payment networks have zero fraud policies to protect consumers from fraudulent transactions. Nevertheless, it is important to learn about why...
Millions of Americans have had their personal data compromised in data breaches at American businesses. These breaches raise legitimate questions abou...
Since the passage of the Fair Credit Reporting Act (FCRA) in 1970, our Nation's consumer credit markets have relied on the data compiled in a consumer's credit report. These reports serve as a comprehensive historical view of a consumer's financial decisions and actions. Depending on their credit history, a consumer's credit report can have a very real impact on their ability to access credit. One of the foundations of the Fair Credit Reporting Act is ensuring the accuracy of the data that appears on a consumer credit report. According to the Federal Trade Commission (FTC), nearly 20 percent...
Since the passage of the Fair Credit Reporting Act (FCRA) in 1970, our Nation's consumer credit markets have relied on the data compiled in a consumer...
