We live in a world where our information is gathered, sold and not protected very well. Meanwhile, there seems to be an army of fraudsters compromising credit issuers, who issue credit without checking very carefully.
Then there is the advertising, which claims that their financial products have a "zero fraud liability."
The Boston Globe did an interesting story that shows the liability innocent people face when they become identity theft victims.
Beth Healey writes:
Eric W. Carroll's credit report says he has a home in Florida, a wife named Katrina, and a pile of unpaid bills.
He first learned this when a debt collector called him in 2002, dialing his apartment in Bridgewater, yet asking for an Eric W. Carroll from Avon Park, Fla. Carroll insisted there was some mistake: He was not married, and he had never lived in Florida.
Nearly five years later, collectors are still hounding the wrong Eric Carroll.
Boston Globe story, here.
And even though Eric seems to have done all the right things, he seems to still be suffering.
There is no zero liability for identity fraud and we need to stop "sugar coating" the true impact it has on individual people.
Here are two places, I've recently "blogged" about where people can voice their opinion to people that can make a difference:
Tell it to the Identity Theft Task Force
Consumers Union Calls for Congress to Protect People's Personal Information