Though competition without consequences clearly isn't.
I'd like to see a few more bureaux. Or the role nationalised. Government is at least in theory answerable to the citizens. Though government as financial vetter introduces numerous other issues.
The question of why people require credit for day-to-day financial activities, many carrying balances, is another part of this question. Sufficient pay, collective bargaining, workplace and tenant / homeowner protections, and wealth and land taxes are a few policy changes outside the data security arena which would help markedly.
Duopolies and Monopolies are far worse for markets than those dominated by 3 or more entities. Getting rid of one of the agencies will only result in more price-fixing and abuse by these companies.
My comment is only part blood thirst and part just wanting to simplify my credit report tracking from a consumer perspective. I would also like as few companies as possible having my personal information as possible especially after problems like this.
The other part is if I'm applying for any kind of credit, I assume the most conservative lender would look at all three results and just go with the lowest credit score.
But I agree, even in a semi free market, competition is good.
TransUnion and Experian should be enough. I go through my reports and all three are pretty much the same.