Or explain that you don't understand the industry or any of the regulatory frameworks involved.
Have you ever accepted a payment?
EDIT: not sure if I misread you, probably responding to a comment in flight. Your initial position seemed to be different to what I read now. I get that "identity fraud" as an industry position is a shitty attempt at moving risk but that was not the comment I was reponding to. Sorry if that sucks.
If I publish your nude pictures in a newspaper, you are similarly not a party to this transaction, but you are hurt by it. This is similar.
Everyone absolutely wants to extend you credit.
They're saying the problem is this:
You want to do business with company A. Company A asks company B for information about you. Company B lies to company A. Now company A won't do business with you, because company B lied about you.
Company B in this scenario is a company like Experian.
This is not the issue here. If a bank want to do this, go ahead, as long as they cover the losses. The problematic part is that if a bank gives a loan in my name to someone else, I get punished for it, not the bank.