Privacy: The Horror Side of Credit

A man can live with the thought that his baby footprints are in the records of the state, that his fingerprints are on file with the FBI and that much of his private life, probably including a psychological report, resides in the files of his company. As invasions of privacy go, these are tolerable—at least compared with some of those perpetrated by consumer-credit bureaus. Last week, for the second time in less than a year, credit-bureau activities came under investigation by a committee of the U.S. Congress. This time it was the...