More Lenders Charge for ID-theft Protection
More lenders are offering ID-theft protection services -- for a price. They say the safeguards help victims navigate several layers that only tangentially relate to their bank. It's thus necessary to charge administrative fees, the lenders say. Advocates say the practice plays on consumer fears while offering extras that should come standard with normal bank accounts.
Bank ID-theft charges rankle privacy groups, Business Journal of Portland, October 9, 2005.
