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My pet peeves are:

1. Even if you pay your bills on time, some creditors don't report to the CRA -- they want to keep you as a customer. This stinks of abuse of the system. You finally get a credit card (probably paying outrageous fees) and the company doesn't report your good payment history, because if it did, other lenders would send you better offers.

I'd make a law that says, if you do any reporting of any of your customers' account to any CRA (for instance, late payment) you must report all information for all customers, including good information.

2. Many people have no idea which CRAs are collecting info on them. I'd never heard of "CCI". So the CRA may be accumulating information about someone without his/her knowledge--they may not know that fraudulent info is being entered on their CR until they apply for a job and get told, you're late on all your credit cards.

I'd make a law that says, if you compile a database about someone and this database might affect them in the future (i.e. you give someone else ability to access this database) you must notify the person by mail, clearly and without distraction that the record has been established and may be shared. No burying it in an account agreement; no hiding it on the back side of junk mail ads.
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