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This is very odd argument, in the name "equality" anyone should be able to open account in your name?

Not the person you’re replying to, but every well-intentioned regulation has a negative impact on someone. It’s always worth asking who, and whether there’s some way to mitigate the impact on people who are already struggling to make ends meet.

Being poor is incredibly expensive and exhausting.

It seems a bit weird to try to fight inequality by reducing regulations on banks and make it easier for them to blame consumers for the banks mistakes.

That argument would only make sense in the U.S.

I consider myself a liberal, I'm broadly in favor of more regulation, and I might even be in favor of this regulation given something to assuage my initial concerns (because as I said, I like the idea).

But I believe there are also lots of well-intentioned but bad regulations, and so they need to be considered carefully!

Reply on news.ycombinator.com