From the Ripon Advance:
U.S. Sen. Bill Cassidy (R-LA), a member of the Senate Committee on Finance, teamed up with a bipartisan group of colleagues to urge the U.S. Social Security Administration (SSA) to better protect Americans from identity fraud and theft in an era of rapid financial transactions.
Along with U.S. Sens. Claire McCaskill (D-MO), Tim Scott (R-SC) and Gary Peters (D-MI), Cassidy raised concerns with the SSA over the practice of synthetic identity theft, which they noted involves creating a false identity by combining several persons’ actual data and made-up information. ...
The senators requested that SSA modernize its Consent-Based Social Security Number Verification system (CBSV) to combat the problem while securely enabling businesses to quickly process consumer transactions. The CBSV program requires the private sector to obtain an individual’s consent to verify if a given name, date of birth and Social Security number (SSN) match a government-issued source, according to the letter.
However, the CBSV has been hindered by its requirement that users of the program obtain a person’s actual written signature before using the database, an action the senators said “negates the utility of CBSV to combat synthetic identity fraud,” and slows down the ability of financial institutions to make rapid determinations on consumer financial products. ...By the way, I'm astonished to see that the Ripon Society still exists. It was founded to advance liberal ideas within the Republican party. Once upon a time there were liberal Republicans. They really did exist.