I think the article's main point succeeds on the merits: while we have a variety of statutory and regulatory mechanisms in place to make sure that things like credit reports are compiled in a fair manner we have no such mechanisms for the likes of LexisNexis, ChoicePoint, Facebook, Google, etc., etc.

I don't think its unreasonable to want some assurances that my creepy neighbor can't purchase my web history or FB data. Less facetiously, at the very least, I should be informed when an adverse decision has been based upon this information and should have a chance to review it periodically.