Author Topic: New federal database will track Americans' credit ratings, other financial information  (Read 229 times)

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Offline flowers

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Offline Chieftain

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This will never survive the inevitable court challenge.  Look for a judge to be asked for a restraining order while attorneys for plaintiffs sue.  There is no possible way this will pass Constitutional muster and it will die on the vine long before it can be implemented.


Offline SouthTexas

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If the feds are loaning our money, they really SHOULD do credit checks on the borrowers, but there is no need to start another agency.

Experian, TransUnion, and Equifax do quite well.  Would imagine the $20 it costs to run a report would save us a lot over the government starting their own.  And it will probably be more accurate.


Offline flowers

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This will never survive the inevitable court challenge.  Look for a judge to be asked for a restraining order while attorneys for plaintiffs sue.  There is no possible way this will pass Constitutional muster and it will die on the vine long before it can be implemented.
Hopefully you are correct.



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