Similar to probably the majority of US citizens who hold credit cards I get besieged by offers to protect my credit rating from abuse and pay a premium for such services, which offer to send me monthly updates etc of my credit report. Since such credit files are established from reporting entities and public records into a consumer data file I think by myself:

Why are banks allowed to sell financial products which can be so easily abused, why am I to pay because the bank or provider is to lazy to really check that they issue the card to the right person.

The bank should be legally obligated to handle the charges coming in with care, the issueing with care etc..... otherwise it is more like a Mafia Protection Racket

I believe the current uprising against cc card issuers and their handling would be an appropriate time to push such cost and expenses onto the bank, charging in between 9% to 80% APR should allow enough room for them to swallow it themselves.

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