Jail time a penalty in ID theft bill

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Just read financial companies are gearing...

up their lobbies to fight or water-down any ID legislation (which they have done before)- hence our current predicament. Big Mistake! I guess companies don't realize how much they stand to lose if this problem continues to undermine the public's confidence when the submit their information.

As for myself, I limit all information I supply on any application for credit, insurance, employment, etc. If you think this is silly, you should talk to the attourney I spoke to some time back who spoke of some people that actually filed for bankruptcy because of ID theft. Don't wait for a collector to call you some day threating to seize your bank account, garnish your wages or lein your property because your information was not protected like it should have been.

Posted by: redstone   Posted on: 06/23/05 You are currently: a Guest | Members login | Terms of Use

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