Mmastodon WorldElections first seen 8 h ago, last 8 h ago, peak #6

Calls grow to abolish credit reporting agencies entirely

Original: # CreditReporting agencies are a plague on society & I would support legislation to permanently eliminate them in their

Social media users are voicing sharp criticism of the three major credit bureaus — Experian, Equifax and TransUnion — with some saying they would back legislation to eliminate the agencies permanently. The complaint centres on the bureaus' broad control over Americans' financial lives rather than any individual credit rating, reflecting long-standing frustration with data breaches, errors and disputes that are hard to resolve.

Why now: Frustration with credit bureaus' power and track record of breaches and errors is resurfacing in online discussion.

ExperianEquifaxTransUnion

Open on mastodon →

Evidence

• # CreditReporting agencies are a plague on society & I would support legislation to permanently eliminate them in their entirety. In particular # Experian but, also # Equifax and # TransUnion . This sentiment has zero to do with any credit rating & everything to do with their… · donhawkins · 2

API: https://socialmediatrends-api.osmike.com/v1/trends/482570