Identity theft has many damaging effects, and one of the most problematic for consumers is the reporting of false or fraudulent information on their credit reports. One would logically assume that US banks would be legally accountable to consumers for knowingly reporting false information on their credit reports, especially after notifying the banks that the information is false, a bank mistake, or the result of an identity theft. givemebackmycredit.com, Cancer Patient Identity Theft Victim: "Day in Court Hangs on Supreme Court Decisions", Feb 2010
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