Relaxing and reading the morning news
Jun 3rd, 2008 by Michelle
In reading the news this morning online I came across a video on CNN about LifeLock being sued by Experian. Experian has picked a fight with LifeLock alleging “credit laws do not provide for a third party to place fraud alerts on behalf of a consumer.” LifeLock services are designed to protect the consumer, at the expense of Credit Reporting Agencies profits.
If you don’t know much about lifelock they are a company that helps protect you from identify theft which is the fastest growing crime right now.
I personally think that Experian is upset that someone else is competing against them which will take profit away from the credit bureaus. You can watch the videos on the lifelock web site.
