This is placing the burden on consumers in a different way.
The burden is lifted from the rest of us who somehow got tasked with making sure lenders aren’t making errors with the risk of losing hours of our lives fixing someone else’s problem.
It’s ridiculous that after your child is born, you’re supposed to spend your time to place a credit freeze at the 3 credit bureaus. Transfer the liability of identity fraud to the lenders, and they will figure out the solutions in no time.
This feels like an idea that would benefit consumers and be a business opportunity targeted at creditors if we could only convince them this is their responsibility.