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Finally a breath of fresh air and reason amidst all of the fear mongering and anti-CRA FUD. The system isn't perfect, and consumers are definitely at risk...but it's far more important to really understand the relationship and interplay between CRAs and businesses in order to get a handle on the problems and work towards meaningful reform.

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I think the fact that consumers get the short of the stick in the CRA business model is a very real problem. It's an oligopoly with no chance for competition. Just because CRAs have some upsides to the economy doesn't mean that we can't loudly sound the alarm of how much control mistake by 3 private companies have over success in our lives.

No, I think we need more FUD given what has just occurred. SSN and sensitive financial data of over half of U.S. adults obtained by criminals. Nice.

The law is mostly on the side of the consumer here though - the real risk is low - if anything it might be harder to get credit in the short term for a while.

What "sensitive financial data"?

Card numbers.

> In addition, credit card numbers for approximately 209,000 consumers and certain dispute documents, which included personal identifying information, for approximately 182,000 consumers were accessed.

That's not "half of U.S. adults" as the OP stated.

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