The Supreme Court ruled yesterday that Credit Reporting Agencies could no longer sell lists of consumers to potential lenders. Trans Union has lost their case. Details: http://www.bizreport.com/article.php?art_id=3496&PHPSESSID=6340cfe56f683dd4de8e993ea96cb940 http://www.smartmoney.com/bn/ON/index.cfm?story=ON-20020610-000382-1155 Doc
Re: Supreme Court Blocks Trans Unio DOC - does this mean that cc companies won't be able to get soft inquiries for credit promo offers?
Re: Supreme Court Blocks Trans Unio Mark, I don't know, but it will be interesting to find out. I do understand that reselling client lists is a big source of revenue for these privacy-invading scumbags. Rina, whatever helps you get through the night. Doc
I think this was relating to the fact that they wanted to SELL your information to ANYBODY...(OTHER THAN CREDIT RELATED COMPANIES)... I also liked the other news at the BOTTOM...NEW YORK CITY...can DISCRIMINATE AGAINST "WORKING FAMILIES" IN PUBLIC HOUSING... So the young couple make just barely above minimum wage with a young kid, CAN'T LIVE THERE...BECAUSE THEY ARE WORKING??? THE NOT WORKING GETS FIRST CHOICE???
Re: Supreme Court Blocks Trans Unio No, George, read the article. It specifically addresses Trans Union's desire to sell lists of qualified consumers to "LENDERS"... Doc
Re: Supreme Court Blocks Trans Unio The more I read about this ruling, the happier I become. Trans Union could be driven out of business from resultant lawsuits (source: The U.S. Supreme Court). Note these paragraphs from Bizreport.com: Justices Sandra Day O'Connor and Anthony M. Kennedy issued a written dissent, saying they would have heard the case because of the implication for Trans Union, which could face bankruptcy from a tide of lawsuits over the release of consumer information. "The company's demise will have adverse effects on both the national economy and (Trans Union's) thousands of employees," Kennedy wrote for the pair. "The case is of national importance..." Now wouldn't that be sad. One less CRA to dispute. The article stated that only these two Justices -- O'Connor and Kennedy -- came out in favor of Trans Union. The rest voted against. Plus, President Bush's administration filed a brief opposing Trans Union as well. Oh, I'm crying buckets for Trans Union. Doc
Re: Supreme Court Blocks Trans Unio Found this last night, if you're for some reason not qualified to lend to, they'll offer you up to skip tracers, collection agencies, and the like. http://www.veris-ssn.com/verisapp.pdf Sassy
Re: Supreme Court Blocks Trans Unio I do understand that reselling client lists is a big source of revenue for these privacy-invading scumbags. PsychDoc =============================== Glad you said this not me . At least I won't get toasted that way. Dock why are you bad mouthing them when you say that we need these crooks.?
Re: Supreme Court Blocks Trans Unio 1*The company's demise will have adverse effects . 2*I'm crying buckets for Trans Union. DOC 1*It's continued existence is creating even greater adverse effects! 2*Why are you glad to see them go DOCK? When Ever I suggest closing them down You tell everyone on the board I'm a fanatic. Now you're happy to see them go. Dock you're either contradicting yourself or you're wising up.
