Yes! The only real change that needs to happen is that banks needs to be liable for loans they write in your name fraudulently. If they accept stolen data without verifying it is actually you, it needs to be their fault. The current system of it being your fault makes no sense.

Here is a real, widespread, horrifying example: I was aghast when reading "Chain of Title" by David Dayen. https://thenewpress.com/books/chain-of-title

Amongst many things, recall how banks got away with a slap on the wrist for the whole Robo-Signing scandal. (see: https://en.wikipedia.org/wiki/2010_United_States_foreclosure...)

If an average individual had done this, they would face charges (and they should.) But mysteriously when it is done tens of thousands of times it somehow becomes legitimate. I'm a pretty liberal person but I am deeply disappointed in the previous US administration for not pursuing this scandal towards justice.

Equifax really isn't a financial institution. But yeah, in a capitalist system, it shouldn't be surprising that capital has power over you just like in a monarchy, the monarchs have power over you.

All the more reason to move to block chain identities.