Equifax removed the $125 claim payout option after millions submitted claims

Re:Equifax removed the $125 claim payout option after millio... by benj111 on Thursday August 01, 2019 @03:31AM (#20581777)

The UK is in Europe (for now) and has Equifax and the other credit reference agencies.

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Re:Equifax removed the $125 claim payout option after millio... by Glawen on Thursday August 01, 2019 @03:59AM (#20581932)

The UK imports all the shitty things from the US, instead of looking at what the european are doing: - No national ID, so identity theft is easier - For a long time, no pin code on credit card, so that theft is easier Basically they keep the stuff which trick the consumer, whereas in Europe they make law to protect consumer.

I really hope they leave the EU and stop bothering us with their shitty ideas, credit reference beeing one

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Re:Equifax removed the $125 claim payout option after millio... by jdietrich on Thursday August 01, 2019 @06:00AM (#20582465)

>No national ID, so identity theft is easier

We don't want national identity cards; the Blair government tried to introduce them in 2006 and failed due to massive public opposition. We think it's a bit weird that other EU nationals are so tolerant of the government having a massive centralised database tied to a single token.

https://en.wikipedia.org/wiki/Identity_Cards_Act_2006

>For a long time, no pin code on credit card, so that theft is easier

Most of our debit card market is Visa/Mastercard, so we switched to Chip and PIN in 2006 - the same time as most international markets. Some European markets had their own local debit card schemes but these schemes were far from perfect.

>Basically they keep the stuff which trick the consumer, whereas in Europe they make law to protect consumer.

Last time I checked, we were still in the EU and still subject to EU law. We implemented the GDPR (and our regulator is one of the most proactive in actually enforcing it), we implemented the Consumer Rights Directive and we were well ahead of the curve in many areas, particularly distance selling and consumer finance.

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Re:Equifax removed the $125 claim payout option after millio... by vasco on Thursday August 01, 2019 @07:59AM (#20583006)

You have drivers licenses and bank cards and passports already. Having a national ID just makes a bunch of stuff easier and identity theft harder.

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Re:Equifax removed the $125 claim payout option after millio... by jdietrich on Thursday August 01, 2019 @10:57AM (#20584268)

A national ID card is a single point of failure. If I need to verify my ID for something important, I'll usually be asked for two forms of ID documents which may be subject to additional verification.

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Re:Equifax removed the $125 claim payout option after millio... by benj111 on Thursday August 01, 2019 @04:13AM (#20582002)

How do any of your examples 'trick' the consumer?

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