Questions raised on new ID protector
A California company now plans to introduce an identity theft protection service that requires lenders and credit bureaus to check with consumers before issuing credit in their names or sharing of information.
But TrustedID Inc. has at least three obstacles to overcome.
First, credit bureaus - Experian, Equifax Inc. and Trans Union LLC - already sell similar products. Secondly, federal law allows consumers to place free fraud alerts on their accounts. Third, consumer advocates say another intermediary simply is not necessary.
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