Equifax’s Maddening Unaccountability

Re:Equifax’s Maddening Unaccountability by 300bps on Tuesday September 12, 2017 @09:07AM (#15226943)

Consumers are limited by law to a $50 loss for credit card fraud and every bank I know waives even that.

It is merchants (stores, internet sites) that bear the cost of fraud.

[ Parent | on HN ]

Re:Equifax’s Maddening Unaccountability by chiefalchemist on Tuesday September 12, 2017 @02:54PM (#15230438)

But what of the time, stress, etc.?

Merchants don't bear the cost, the consumer does. The merchant might not hand me a bill but that cost is embedded somewhere in the price.

The bottomline is the consumer pays. No matter how you cut it, the consumer always pays.

[ Parent | on HN ]