Equifax refused to restore his credit score or explain why it dropped to zero, until Go Public started asking questions.

Only then did the company point to its little-known policy: If a credit file sits inactive, the consumer may be labelled “unscoreable” and their score reset to zero. Tregear says the last time he checked, before it disappeared, his score was around a more respectable 700.

Go Public has since found a major flaw in consumer protection rules — that there are no laws or oversight on how credit scores are calculated, leaving credit bureaus to do what they want.

Consumer advocate Geoff White says that gives credit bureaus too much power, with no transparency.

  • LostWon@lemmy.ca
    6·
    4 days ago

    Its provisions dictate that the president can sidestep any checks and balances on his power once he has abused his authority so many times that no one can keep track anymore.” Trump added that while his opponents may try to challenge his executive order in court, the loophole also states that by then he will have achieved his immediate political aims.

    This must have been based on what he was doing in his first term, but damn. That’s way too on -the-nose. It’s like the current administration took notes from a piece that was supposed to be too absurd to take seriously. Probably not the first time with the Onion though. (And there was also the escalator thing with the Simpsons.)