Tag: Equifax


Does CFPB rebuke of credit bureaus portend tougher rules?

January 6, 2022

Via: American Banker

The Consumer Financial Protection Bureau slammed the nation’s credit reporting bureaus over their handling of complaints in a report that could serve as a precursor to stricter oversight of the industry. The CFPB said that Equifax, Experian and TransUnion often […]

Capital and Risk, Operational

Equifax to Pay $18M Over Data Breach Affecting Nearly Three Million Mass. Residents

April 20, 2020

Via: Insurance Journal

One of the largest consumer credit reporting agencies in the country has agreed to pay $18.2 million and undertake significant injunctive relief following a massive data breach in 2017 that compromised the personal information of nearly three million Massachusetts residents, […]

Activity, Corporate Banking, Insurance

Only 2% of the Equifax data breach victims have signed up for free credit monitoring so far

November 1, 2019

Via: Market Watch financial

Months after class-action attorneys and regulators unveiled a $700 million dollar settlement with Equifax for a massive data breach affecting 147 million people, new court papers say approximately 3 million consumers have chosen the deal’s free credit monitoring services. The […]

Capital and Risk, Credit, Operational

Equifax’s Credit Locking App is Glitching

February 1, 2018

Via: Bank Innovation

Credit reporting service Equifax launched a consumer mobile app yesterday, an app that would allow users to lock credit access via mobile — that is – if it would stop freezing and glitching in the middle of processing such requests. […]

Retail Banking

If you want to freeze your Equifax credit report for free, act fast

January 29, 2018

Via: Market Watch

Now’s the time to freeze your Equifax EFX, -1.74% credit report. Equifax will freeze your credit report for free, but only until Jan. 31. After that deadline, consumers will have to pay the fee their state charges for a credit […]


Equifax’s Smith goes to Washington to face Senate hearing on data breach

October 4, 2017


Equifax’s former CEO, Richard Smith, is likely to face heated questioning from members of the Senate Banking Committee Wednesday as he returns to Capitol Hill for a second day of testimony. He is scheduled to appear in the Banking and, […]

Capital and Risk, Macroeconomic

Why the United States was wide open to a disaster like Equifax

September 21, 2017


More than sloppy cybersecurity measures, the massive data breach uncovered at Equifax revealed inherent flaws in the U.S.: the over-reliance on Social Security numbers credit reporting system in need of reform. The Social Security number is a “chief means” of […]