[4691] in Privacy_Forum
[ PRIVACY Forum ] New federal database will track Americans' credit
daemon@ATHENA.MIT.EDU (PRIVACY Forum mailing list)
Sat May 31 16:17:30 2014
Date: Sat, 31 May 2014 12:40:44 -0700
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New federal database will track Americans' credit ratings, other
financial information
(Wash Examiner): http://washingtonexaminer.com/new-federal-database-will-track-americans-credit-ratings-other-financial-information/article/2549064
"Earlier this year, Cordray tried to assuage concerned lawmakers during
a Jan. 28 hearing of Hensarling's panel, saying repeatedly the
database will only information with no personal identifiers.
But under the April register notice, the database expansion means
it will include a host of data points, including a mortgage
holder's name, address, Social Security number, all credit card
and other loan information and account balances.
The database will also encompass a mortgage holder's entire
credit history, including delinquent payments, late payments,
minimum payments, high account balances and credit scores,
according to the notice."
- - -
What could go wrong?
--Lauren--
Lauren Weinstein (lauren@vortex.com): http://www.vortex.com/lauren
Co-Founder: People For Internet Responsibility: http://www.pfir.org/pfir-info
Founder:
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