Comment by ryandrake

Right. This is a problem between the lenders and the people who stole from the lenders. The person whose name/number was used shouldn't even be part of the transaction or part of the problem.

They call it "Identity Theft" instead of what it should be called: Bank fraud. The term "Identity Theft" 1. needlessly pulls an otherwise uninvolved person into the mix, suddenly making it their problem too, and 2. downplays the bank's negligence.

If someone uses my name to take out a loan, and the bank stupidly lets them, this shouldn't even remotely be my problem. I shouldn't even have to know about it. This is the bank's problem from their own stupidity.