Identity theft is a growing problem and an estimated 100
million Americans have been affected by security breaches in the past year at
retailers like Target and Home Depot.
President Barack Obama credit card was declined last month
while dining in New York. He wondered if he had become a victim of identity
theft.
"It turned out, I guess I don't use it enough,"
Obama said Friday at the Consumer Financial Protection Bureau.
"They thought there was some fraud going on," he
said, chatting while announcing a government plan to tighten security for debit
cards that transfer federal benefits like pension payments to millions of
Americans.
"I was trying to explain to the waitress 'No, I really
think that I've been paying my bills."
Fortunately first lady Michelle Obama was able to whip out a
credit card they could use.
Source: CBC
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