You’re not the victim of people who merely believe the lies and start to avoid you.
To me that was akin to being ostracized because your reputation was ruined by an impersonation.
On the contrary, they stand to risk 100% of the loaned money. What more could be at risk. Also the fair credit reporting act has pretty strict requirements for what a bank or credit agency should do when you’ve told them the debt is fraudulent, returning you to whole eventual.
What would be required to fix false identity frauds? Is that more or less tolerable for society than X% of people dealing with a stolen identity. What about people who have some problematic history (ran away from home, prior homeless, etc)? How would strict requirements impact them?
Really I guess my question. Oxygen_crisis, why do you believe identity theft is actually a problem that needs solving?
In that case I am not a victim of the fraudster, I am a victim of the bank.
The banks do not have sufficient incentive to improve their identification methods, so long as we tolerate the concept that we bear any responsibility for a transaction that involves only themselves and a fraudster who knows the answers to a few trivia questions about me.