Congressional backlash at Equifax data breach spares its business model

By James Langford

Published February 13, 2018 5:01am ET

Add Washington Examiner on Google

Congressional backlash at Equifax data breach spares its business model — "Equifax and other credit reporting agencies have taken advantage of consumers for years, collecting their data without permission and turning a huge profit while failing to adequately protect that data," Sen. Elizabeth Warren said in the report. "These practices won't change without federal legislation." (Andrew Harrer/Bloomberg) | Andrew Harrer

No company wants to be called out by a member of Congress for taking advantage of everyday Americans.

While Equifax didn’t escape that particular fate in a report by Sen. Elizabeth Warren examining the events leading up to the credit-scoring firm’s massive data breach last year, interim CEO Paulino Barros did avoid something potentially much worse: a push for Congress to enact laws allowing U.S. residents to wipe out their credit histories.

Print subscriber? Click here to login/register your account

Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.

Tag:

CFPB Congress Credit Cards Credit Scores Cybersecurity Department of Homeland Security Department of Justice Elizabeth Warren FTC James Langford Jan Schakowsky Mick Mulvaney Richard Cordray