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A comment on Former Equifax Manager Charged with Insider Trading. Parent comment

Re:Former Equifax Manager Charged with Insider Trading by kolpa on Thursday June 28, 2018 @08:47PM (#17421624)
If their customers aren't checking accuracy and complaining to Equifax (and they aren't), then the incentive has no effect.
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Re:Former Equifax Manager Charged with Insider Trading by chii on Thursday June 28, 2018 @10:51PM (#17422024)
The banks are their customers. And you can bet you bottom dollars the banks do care for accuracy.
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Re:Former Equifax Manager Charged with Insider Trading by munk-a on Friday June 29, 2018 @12:31PM (#17425505)
The banks don't actually eat the risk of inaccurately offered loans, this is why the housing market collapsed (simplified). Most of the logical incentives in financial sectors have become corrupted by perverse incentives with securities trading.
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Re:Former Equifax Manager Charged with Insider Trading by closeparen on Friday June 29, 2018 @02:18AM (#17422747)
Turning away good borrowers and extending credit to bad ones are both terrible for business if you’re a lender. That’s the incentive.
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