Consumers afraid of identity theft have a new weapon, a credit freeze
...an organization called CDIA or Consumer Data Industry Association spent close to $1.4 million in federal lobbying to fight credit freeze laws as reported here...
...The reason becomes clear as to why the credit bureaus want the laws put to rest, when you see the amount of money the credit bureaus are making from their reporting. The big three credit reporting agencies issue billions of credit reports every year for consumers applying for all types of credit. This creates annual revenues of around $4 billion every year for all three credit bureaus. It now becomes clear why the CDIA has spent $1.4 million lobbying against the credit freeze laws...
http://businessshrink.biz/psychologyofbusiness...
...The reason becomes clear as to why the credit bureaus want the laws put to rest, when you see the amount of money the credit bureaus are making from their reporting. The big three credit reporting agencies issue billions of credit reports every year for consumers applying for all types of credit. This creates annual revenues of around $4 billion every year for all three credit bureaus. It now becomes clear why the CDIA has spent $1.4 million lobbying against the credit freeze laws...
http://businessshrink.biz/psychologyofbusiness...