I'm struck by the fact that the credit monitoring industry does not seem to be very competitive. You mentioned three major companies in the United States and only two major companies in Canada. I suppose it stands to reason. There is a big cost to setting up a credit monitoring network, and once that infrastructure is in place, it doesn't cost too much more to cover additional individuals or businesses. Perhaps it's a bit of a natural monopoly.
Would you accept that lack of competition as a rationale for greater regulation of credit monitoring than other sectors?