> Free credit monitoring is the biggest scam of all
The root cause is a clause in Federal law[1] that precludes an individual from holding a creditor or credit bureau liable for inaccurate information regarding that individual. If we were able to sue the creditor and credit bureau because they engaged in libel, then identity theft would no longer be a thing because there would be incentive for banks and other creditors to actually verify the identity of the individual before issuing credit.