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Sanders wants to replace credit reporting companies with public credit registry

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Re: Sanders wants to replace credit reporting companies with public credit registry

#91

Post by seanmcdirmid »

Fjolsvith wrote: post #81
seanmcdirmid wrote: post #77

Earlier quoted context omitted.

No, I mean sure, if you think a conservative administration settling with conservative groups is a valid admission of guilt, go for it! But for many of us, it just seems like Trump trying to define truth unilaterally to pander to his base. See: https://en.m.wikipedia.org/wiki/IRS_targeting_controversy Spoiler: both liberal and conservative groups were subject to extra scrutiny via keyword triggers, but only conservat…

> No, I mean sure, if you think a conservative administration settling with conservative groups is a valid admission of guilt, For the actions committed under the previous liberal administration.

Trump campaign: the IRS under Obama is corrupt!

Trump becomes president: see, I told you, the IRS under Obama was corrupt! Let’s settle everything and withdraw all criminal charges (because you can’t just say people are guilty) so a judge/jury doesn’t actually determine anything.

But maybe this is valid under Trump supporter logic, I guess.

Re: Sanders wants to replace credit reporting companies with public credit registry

#92

Post by seanmcdirmid »

WillPostForFood wrote: post #86
seanmcdirmid wrote: post #77

Earlier quoted context omitted.

No, I mean sure, if you think a conservative administration settling with conservative groups is a valid admission of guilt, go for it! But for many of us, it just seems like Trump trying to define truth unilaterally to pander to his base. See: https://en.m.wikipedia.org/wiki/IRS_targeting_controversy Spoiler: both liberal and conservative groups were subject to extra scrutiny via keyword triggers, but only conservat…

So totally non-political?

Maybe or maybe not. But a political decision to admit guilt does not really decide anything.

Re: Sanders wants to replace credit reporting companies with public credit registry

#93

Post by paulddraper »

dariusm5 wrote: post #39
TallGuyShort wrote: post #14

Earlier quoted context omitted.

They want to require people to show government-issued photo IDs when voting to prove they have the right to vote.

I'm surprised there's nothing like that in the US already. Here in Mexico, the national ID is a voter ID card (IFE) and is carried by everyone.

Much of U.S. does require voter ID. Thirty-five states require it; 17 of those in form of a photo. [2] It gets contested a lot in the courts though.

Globally, it is pretty typical. Not just Mexico and the U.S., but France, Germany, Netherlands, Iceland, Canada, Brazil, India, Israel. [1]

[1] https://ballotpedia.org/Voter_identification_laws_by_state

[2] https://en.wikipedia.org/wiki/Voter_Identification_laws

Re: Sanders wants to replace credit reporting companies with public credit registry

#94

Post by zaroth »

TallGuyShort wrote: post #14
mieseratte wrote: post #10

Earlier quoted context omitted.

> Republicans play to suppress minority voters. What are they doing to suppress minorities?

They want to require people to show government-issued photo IDs when voting to prove they have the right to vote.

There are a lot of things in modern society that you need a government ID to do. If adding voting to that list is the defining feature that forces the government to make it economical for every adult to have an ID, then that is a win.

Everyone should have an ID because of how important they are for accessing government benefits, freedom of mobility, employment, etc.

If that means that getting an ID should pay you $100 instead of cost you $100 then I’m totally for that.

Again, to reiterate, I believe that getting an ID should be economically neutral at worst (which means you should be paid at least a few dollars for going through the trouble to get one) regardless of whether IDs are required to vote, but if a voting requirement is what it would take to make that happen it’s a perfect win/win.

Re: Sanders wants to replace credit reporting companies with public credit registry

#95

Post by pilsetnieks »

mighty_bander wrote: post #31

It's interesting seeing the American perspective on this. The perpetual mistrust of government would, I think, be warranted were that government not elected by the populace. As it is, I am a little confused why the same skepticism is not directed at the for-profit entities now operating the credit scoring system.

It's also interesting seeing the American perspective arguing about who is allowed to do credit ratings and who isn't, and why.

Why not do away with the whole concept of credit rating entirely? In Europe we have government (or government adjacent entities) run credit report systems but the only data they get and you get out of them is if you've ever been delinquent (thanks to the GDPR - before that they shared more info.) And even then you have to be a registered financial institution to even be able to ask for the info. There's no scoring or rating based on how well you've performed as a consumer with your credit cards or whatnot, just a red flag in case you're a serious risk of nonpayment.

Re: Sanders wants to replace credit reporting companies with public credit registry

#96

Post by [deleted] »

TallGuyShort wrote: post #14
mieseratte wrote: post #10

Earlier quoted context omitted.

> Republicans play to suppress minority voters. What are they doing to suppress minorities?

They want to require people to show government-issued photo IDs when voting to prove they have the right to vote.

[deleted]

Re: Sanders wants to replace credit reporting companies with public credit registry

#97

Post by pilsetnieks »

propter_hoc wrote: post #6

Thanks, but I'd rather the government not collect all this sensitive, personal information. In fact, I'd rather nobody collect it. It's kind of shocking in the first place that our banks and lenders are allowed to release such personal information to a credit bureau without our opt-in. I'd rather Sanders focus on legislating a right to privacy, rather than for the government to take over a role that shouldn't exist.

Your government is collecting that information anyway. Would you rather they also give it to companies like Equifax as well?

Re: Sanders wants to replace credit reporting companies with public credit registry

#98

Post by jonahbenton »

ping_pong wrote: post #71
TallGuyShort wrote: post #14

Earlier quoted context omitted.

They want to require people to show government-issued photo IDs when voting to prove they have the right to vote.

I'm a progressive liberal, but I believe this is hogwash. Many countries have a government issued national card for citizens. It's not a huge deal. Activists have made it seem like it's a way to suppress voters but I think that's largely BS. We could start a campaign now, or just after the next election in 2020, and get people to sign up for cards by 2028, and enforce that then. We have census every 10 years, it's so…

There is a ton of literature on this. Many elected state and local governments, especially in the South, work actively against the voting interests of large swaths of their populations. Whether through gerrymandering, or processes that improperly remove registrations, or that remove polling places, or that place improper obstacles like fees or clean civic record requirements in the ways of voters, or any of literally hundreds of techniques. Requiring government-issued IDs is just the rhetorical cover for these far more restrictive and extremely pervasive techniques.

Re: Sanders wants to replace credit reporting companies with public credit registry

#99

Post by seanmcdirmid »

dariusm5 wrote: post #39
TallGuyShort wrote: post #14

Earlier quoted context omitted.

They want to require people to show government-issued photo IDs when voting to prove they have the right to vote.

I'm surprised there's nothing like that in the US already. Here in Mexico, the national ID is a voter ID card (IFE) and is carried by everyone.

The same people that want voters to provide ID when voting are very against free national ID cards. There are plenty of games that you can play at the state level in discouraging or somehow confusing the ID issue (does the address have to up to date on your DL, or even the right state for college students?), which doesn’t apply when a national ID is considered (none of that info is on your passport, but it costs $100+ to get that).

Re: Sanders wants to replace credit reporting companies with public credit registry

#100

Post by propter_hoc »

harryh wrote: post #84
propter_hoc wrote: post #82

Earlier quoted context omitted.

Your home address, age and marital status are absolutely used by lenders in a data-driven analysis of whether you are a creditworthy borrower. I don't think that's a necessarily malevolent analysis, but it's also not true that we live in a society where your demographics are irrelevant to your ability to access credit.

Your home address, age and marital status are absolutely used by lenders Oh I know. The world isn't perfect in this respect, but it's a hell of a lot better than it used to be thanks to credit reporting. It has been an incredibly powerful tool for social justice. Outlawing it as a tool would be a very large step backwards.

I honestly think it would be overall better for us. Like I said, FICO is a very weak signal that isn't given much weight in the adjudication process; and your lenders are using these other signals I listed anyway, so the negative social effects you speak of are already happening. So, the only net outcome of automatic, forced credit reporting is that third party companies exist that collect, misuse and profit off of citizens' personal data.

Anyway, rather than a draconian approach of outlawing credit bureaus, I think a law making third-party credit reporting optional rather than required is the right thing to push for, and more realistic than a nonstarter suggestion like nationalizing the credit bureaus.

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