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mostlysignssomeportents · 9 months

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At long last, a meaningful step to protect Americans' privacy

This Saturday (19 Aug), I'm appearing at the San Diego Union-Tribune Festival of Books. I'm on a 2:30PM panel called "Return From Retirement," followed by a signing:

https://www.sandiegouniontribune.com/festivalofbooks

Privacy raises some thorny, subtle and complex issues. It also raises some stupid-simple ones. The American surveillance industry's shell-game is founded on the deliberate confusion of the two, so that the most modest and sensible actions are posed as reductive, simplistic and unworkable.

Two pillars of the American surveillance industry are credit reporting bureaux and data brokers. Both are unbelievably sleazy, reckless and dangerous, and neither faces any real accountability, let alone regulation.

Remember Equifax, the company that doxed every adult in America and was given a mere wrist-slap, and now continues to assemble nonconsensual dossiers on every one of us, without any material oversight improvements?

https://memex.craphound.com/2019/07/20/equifax-settles-with-ftc-cfpb-states-and-consumer-class-actions-for-700m/

Equifax's competitors are no better. Experian doxed the nation again, in 2021:

https://pluralistic.net/2021/04/30/dox-the-world/#experian

It's hard to overstate how fucking scummy the credit reporting world is. Equifax invented the business in 1899, when, as the Retail Credit Company, it used private spies to track queers, political dissidents and "race mixers" so that banks and merchants could discriminate against them:

https://jacobin.com/2017/09/equifax-retail-credit-company-discrimination-loans

As awful as credit reporting is, the data broker industry makes it look like a paragon of virtue. If you want to target an ad to "Rural and Barely Making It" consumers, the brokers have you covered:

https://pluralistic.net/2021/04/13/public-interest-pharma/#axciom

More than 650,000 of these categories exist, allowing advertisers to target substance abusers, depressed teens, and people on the brink of bankruptcy:

https://themarkup.org/privacy/2023/06/08/from-heavy-purchasers-of-pregnancy-tests-to-the-depression-prone-we-found-650000-ways-advertisers-label-you

These companies follow you everywhere, including to abortion clinics, and sell the data to just about anyone:

https://pluralistic.net/2022/05/07/safegraph-spies-and-lies/#theres-no-i-in-uterus

There are zillions of these data brokers, operating in an unregulated wild west industry. Many of them have been rolled up into tech giants (Oracle owns more than 80 brokers), while others merely do business with ad-tech giants like Google and Meta, who are some of their best customers.

As bad as these two sectors are, they're even worse in combination – the harms data brokers (sloppy, invasive) inflict on us when they supply credit bureaux (consequential, secretive, intransigent) are far worse than the sum of the harms of each.

And now for some good news. The Consumer Finance Protection Bureau, under the leadership of Rohit Chopra, has declared war on this alliance:

https://www.techdirt.com/2023/08/16/cfpb-looks-to-restrict-the-sleazy-link-between-credit-reporting-agencies-and-data-brokers/

They've proposed new rules limiting the trade between brokers and bureaux, under the Fair Credit Reporting Act, putting strict restrictions on the transfer of information between the two:

https://www.cnn.com/2023/08/15/tech/privacy-rules-data-brokers/index.html

As Karl Bode writes for Techdirt, this is long overdue and meaningful. Remember all the handwringing and chest-thumping about Tiktok stealing Americans' data to the Chinese military? China doesn't need Tiktok to get that data – it can buy it from data-brokers. For peanuts.

The CFPB action is part of a muscular style of governance that is characteristic of the best Biden appointees, who are some of the most principled and competent in living memory. These regulators have scoured the legislation that gives them the power to act on behalf of the American people and discovered an arsenal of action they can take:

https://pluralistic.net/2022/10/18/administrative-competence/#i-know-stuff

Alas, not all the Biden appointees have the will or the skill to pull this trick off. The corporate Dems' darlings are mired in #LearnedHelplessness, convinced that they can't – or shouldn't – use their prodigious powers to step in to curb corporate power:

https://pluralistic.net/2023/01/10/the-courage-to-govern/#whos-in-charge

And it's true that privacy regulation faces stiff headwinds. Surveillance is a public-private partnership from hell. Cops and spies love to raid the surveillance industries' dossiers, treating them as an off-the-books, warrantless source of unconstitutional personal data on their targets:

https://pluralistic.net/2021/02/16/ring-ring-lapd-calling/#ring

These powerful state actors reliably intervene to hamstring attempts at privacy law, defending the massive profits raked in by data brokers and credit bureaux. These profits, meanwhile, can be mobilized as lobbying dollars that work lawmakers and regulators from the private sector side. Caught in the squeeze between powerful government actors (the true "Deep State") and a cartel of filthy rich private spies, lawmakers and regulators are frozen in place.

Or, at least, they were. The CFPB's discovery that it had the power all along to curb commercial surveillance follows on from the FTC's similar realization last summer:

https://pluralistic.net/2022/08/12/regulatory-uncapture/#conscious-uncoupling

I don't want to pretend that all privacy questions can be resolved with simple, bright-line rules. It's not clear who "owns" many classes of private data – does your mother own the fact that she gave birth to you, or do you? What if you disagree about such a disclosure – say, if you want to identify your mother as an abusive parent and she objects?

But there are so many stupid-simple privacy questions. Credit bureaux and data-brokers don't inhabit any kind of grey area. They simply should not exist. Getting rid of them is a project of years, but it starts with hacking away at their sources of profits, stripping them of defenses so we can finally annihilate them.

I'm kickstarting the audiobook for "The Internet Con: How To Seize the Means of Computation," a Big Tech disassembly manual to disenshittify the web and make a new, good internet to succeed the old, good internet. It's a DRM-free book, which means Audible won't carry it, so this crowdfunder is essential. Back now to get the audio, Verso hardcover and ebook:

http://seizethemeansofcomputation.org

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/08/16/the-second-best-time-is-now/#the-point-of-a-system-is-what-it-does

Image: Cryteria (modified) https://commons.wikimedia.org/wiki/File:HAL9000.svg

CC BY 3.0 https://creativecommons.org/licenses/by-sa/3.0/deed.en

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strongsummerjoe · 8 months

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Does anyone know who the guy in the Experian ad is? 🥺

#experian #guys

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bitchesgetriches · 1 year

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NEW POST! ✨ How to Instantly Increase Your Credit Score… for FREE ✨ Link in bio 👆 and in the comments 👇 babies. Here’s an excerpt: "While we were in the mystical city of Cincinnati recently, we did a live Drunk AMA on YouTube! It was great. We slow-flossed to a church hymn and dispelled the rumor that Ducky is, in fact, a vampire. One of the questions we received was about Experian Boost. It’s just one of many services that offer to raise your credit score… for a fee. Even in our chaotic drunken state, we were lucid enough to unequivocally recommend that most of you shouldn’t bother with these paid services. There’s an easier, faster, and free way to raise your credit score! Since not everyone wants to suffer through a 97-minute YouTube video of our collective vocal fry, I am now here to share the wisdom of how to instantly raise your credit score for free. Cast aside those paid services that promise you a better credit score! This is all you need to know." #experian #experianboost #creditscore #creditlimit #creditcard https://www.instagram.com/p/CqDpXMYM93E/?igshid=NGJjMDIxMWI=

#experian #experianboost #creditscore #creditlimit #creditcard

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mansorus · 2 years

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Hey Alexa play Thug Motivation 101 by JEEZY ⛄️❄️🏂💰 🔁 💳

#debt snowball #debt #credit cards #capitol one #credit score #experian #utilization #art #generationalwealth #mansorus #building wealth #repeat

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jbfly46 · 9 months

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Beyond the U.S. credit score system being blatantly unconstitutional, with the corporations running it sometimes pretending to have government authority, it also needs to be gotten rid of or extremely overhauled because of it recently including China-style social credit algorithms into its system.

#credit #Experian #Transunion #Equifax #credit scores #credit scoring

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sucka99 · 2 years

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#credit #credit karma #experian

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harrogateelectricvehiclenews · 2 years

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Tesla holds the top three spots for the best electric cars in America.

Tesla holds the top three spots for the best electric cars in America in 2022, and the competition is nowhere near. Subscribe to Electric Vehicle News Bitesize Podcast for FREE! The U.S. lags far behind Europe and China in electrifying the car market. A number of factors are at play, including weaker incentives and preference for pickups, a segment that is about to be electrified. But we’re…

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otiskeene · 16 hours

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Experian Earns HR Tech Award From Lighthouse Research & Advisory

Experian Employer Services was honored with the 2024 HR Tech Award by Lighthouse Research & Advisory for its income and employment verification fulfillment solution. This recognition highlights Experian's dedication to providing employers with cutting-edge solutions to effectively serve their employees. The product was specifically acknowledged as the Best Comprehensive Solution due to its capacity to tackle the challenges encountered by employers in today's business landscape.

Merideth Wilson, the Executive Vice President and General Manager of Experian Employer Services, underscored the significance of ensuring that employees can navigate life's significant milestones without hindrances. The solution streamlines and secures income and employment verification processes, showcasing Experian's unwavering commitment to equipping employers with the necessary technology to assist their employees.

Experian's Verification Fulfillment solution delivers precise, secure, and prompt employment verification services for both employers and employees. It eases the workload on HR and payroll teams during crucial financial junctures, such as home purchases, vehicle leases, apartment rentals, or access to social service programs. Notably, the solution eliminates the requirement for employers to manually handle inquiries on behalf of their employees, empowering individuals to independently verify their income and employment details.

Read More - https://www.techdogs.com/tech-news/business-wire/experian-earns-hr-tech-award-from-lighthouse-research-advisory

#Experian #InformationServices #HRTechAward #Research&Advisory

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nnr-javed · 1 month

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#Experian #deal to acquire #illion

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pathologicallypedantic · 3 months

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Seeing this ad all over tumblr. If you sign up for this service you should know a few things. It may help you find ways to save sure, but you’re essentially giving one of the largest data brokers in the world direct access to all your financial transactions.

This is *literally* an insane idea.

Don’t do it. If people are interested I’ll make a longer post later looking at the privacy terms and explaining why this is so fucked, but trust me this is a terrible idea to enroll in.

Experian is simply taking advantage of rampant inflation and people who are desperate to save money hoping you won’t give a second thought about letting them into your bank accounts to see every single transaction you make so they can turn around and monetize it. Fuck Experian and fuck everyone in government who lets these private surveillance state fuckers get away with it because it benefits them.

#experian #tumblr ads #privacy #data brokers

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bitchesgetriches · 2 years

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Bitches, I am SO darn confused. I like to think I’m pretty good at understanding credit scoring, but I’ve got three different apps telling me… three different credit scores! And they’re not even close to one another. My Experian account is reporting differently from the one I can access through my credit card app, and I have a completely different one listed through MoneyLion (which was recommended to me as a money management app but I am now starting to really question at this point!) Which one should I actually be looking at???

Worry not, my pet! This is a perfectly normal quirk of the credit reporting system! Lemme 'splain...

There are 3 credit reporting bureaus—Experian, Equifax, and TransUnion—that collect your credit usage and info and report on them. From this information, your credit score is derived. You don't get to sign up for any of these bureaus... if you have credit, they will report on it, whether you like it or not. But because they all have slightly different schedules and systems, one might be more up-to-date than another.

And your credit card app or MoneyLion might be pulling their scores from different bureaus! So that's why it looks like you have 3 different scores. Don't worry about it... because there's really nothing you can do. They might all sync up eventually when everyone is up-to-date.

Here's WAY more information that we wrote on how this works:

Dafuq Is Credit and How Do You Bend It to Your Will?

Ask the Bitches: What's the Difference Between Credit Checks and Credit Monitoring?

How to Build Good Credit Without Going Into Debt

#credit #credit score #credit report #Experian #money #finance

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digitalcreationsllc · 6 months

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Hackers demand $60m from TransUnion and Experian, claiming data theft

Two of the country’s largest consumer credit reporting agencies, TransUnion and Experian, may have been hit by a fresh data hack, potentially exposing the financial and personal data of South Africans to risk. The hackers, the Brazil-based N4ughtySecTU Group, which has hacked TransUnion before, had again bypassed the organisation’s firewalls and security and managed to get away with the…

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#agencies #been #Consumer #country&039;s #credit #Experian #have #largest #reporting #TransUnion

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faultfalha · 6 months

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A million electric vehicles sold in one year is no longer just a dream. People are starting to believe in a future where the roads are filled with silent, efficient vehicles, and the air is no longer filled with smog. A future of environmental responsibility, and a sustainable way of life. The cities of tomorrow prepare to welcome this new reality, and it is only a matter of time before EV sales hit the milestone of 1 million vehicles sold in a single year.

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creditklick · 7 months

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Deciphering Your Credit Score by Experian: A Comprehensive Guide

In the contemporary financial landscape, comprehending your credit score is paramount. Experian, a prominent credit bureau in India, plays a pivotal role in assessing your creditworthiness. This comprehensive guide is designed to illuminate the intricacies of the credit score by Experian, why it holds significance, and practical steps to enhance your financial standing.

Understanding the Credit Score by Experian:

Experian is one of India's leading credit bureaus, specializing in collecting and maintaining credit information for individuals and businesses. They utilize this data to calculate credit scores, which fall within a range typically from 300 to 850, with a higher score indicating stronger creditworthiness.

Why Your Credit Score by Experian Matters:

Your credit score by Experian carries immense weight because it directly influences the decisions of lenders when you apply for loans or credit cards. Lenders rely on these scores to gauge the risk of lending to you. A robust credit score can open doors to loans with more favorable terms, while a lower score can result in loan rejections or higher interest rates.

Tips to Improve Your Credit Score by Experian:

Punctual Bill Payments: Timely payment of bills, including credit card dues and loan EMIs, can significantly boost your credit score. Consider setting up reminders or automatic payments to ensure you never miss a due date.

Manage Credit Utilization: Aim to keep your credit card balances below 30% of your available credit limit. High credit card utilization can have a negative impact on your Experian credit score.

Diversify Your Credit Portfolio: A diverse mix of credit types, such as credit cards, loans, and mortgages, can positively affect your creditworthiness.

Regularly Review Your Credit Report: Periodically scrutinize your credit report provided by Experian for inaccuracies and discrepancies. If you come across any errors, take swift action to dispute and rectify them.

Exercise Caution with New Credit Applications: Avoid making numerous credit applications within a short timeframe, as this can raise red flags to potential lenders.

Maintain a Lengthy Credit History: The length of your credit history is another crucial factor. Keeping older accounts open and active can demonstrate a responsible credit track record.

In conclusion, your credit score by Experian is a vital instrument that significantly shapes your financial prospects. By grasping the mechanics behind this score and adhering to best practices to elevate it, you can bolster your creditworthiness. This, in turn, makes it easier to achieve your financial goals and secure loans with more favorable terms. Empower yourself to seize control of your financial future by managing your credit wisely and understanding the nuances of your credit score by Experian.

#credit #bank #finance #budgeting #loans #financialplanning #debtfree #personalloan #marketing #money #credit score by Experian #Experian credit score #experian #equifax #credit bureaus #credit reports #transunion #adulting

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benchpressingbanlikeyou2 · 7 months

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Big important wins 🙏🏼

#credit #credit score #creditkarma #credit karma #transunion #experian #equifax

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sumassured · 9 months

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मेरे क्रेडिट स्कोर सिबिल, और अन्य 3 ब्यूरो में भिन्न क्यों हैं?

प्रत्येक ब्यूरो भुगतान इतिहास और खाता उपयोग सहित विभिन्न कारकों पर विचार करके क्रेडिट स्कोर की गणना करने के लिए अपने स्वयं के स्वामित्व वाले स्कोरिंग मॉडल का उपयोग करता है। प्रत्येक क्रेडिट ब्यूरो के पास आपके क्रेडिट इतिहास के बारे में समान जानकारी नहीं हो सकती है। अलग-अलग स्कोरिंग मॉडल और डेटा विसंगतियां अलग-अलग क्रेडिट स्कोर में योगदान करती हैं। क्रेडिट स्कोर को स्वीकार्य या अस्वीकार्य मानने…

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#CIBIL #credit score #CRIF HIGH MARK #EQUIFAX #experian #क्रेडिट ब्यूरो #क्रेडिट स्कोर

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