Comment on Airbnb Competitor Checks IDs: 'We Don't Want to Trade Security for Volume'parentComments−starwed15yWhile your general point still stands, I don't think the existence of credit rating agencies proves much. Even if they would otherwise have been liable, there fundamental utility would, I'm sure, have led to specific legal exemptions.As it stands, the operation of such agencies is subject to a lot of specific regulation. http://en.wikipedia.org/wiki/Credit_bureau#United_States
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While your general point still stands, I don't think the existence of credit rating agencies proves much. Even if they would otherwise have been liable, there fundamental utility would, I'm sure, have led to specific legal exemptions.
As it stands, the operation of such agencies is subject to a lot of specific regulation. http://en.wikipedia.org/wiki/Credit_bureau#United_States