Tag: Equifax

Warren, Wyden, and Sanders are demanding disclosures from Equifax as new federal work requirements threaten to strip healthcare and food assistance from millions while expanding the company’s already dominant income verification business.

“The integrity of the stock markets and the confidence of investors are impaired by those who use nonpublic information for personal gain.”

Sudhakar Reddy Bonthu has been charged with insider trading after discovering last year’s massive data breach that exposed the personal information of more than 148 million people.

Jun Ying reaped proceeds of nearly $1 million.

Sen. Elizabeth Warren asserted that Equifax could not be trusted while urging Congress to pass legislation imposing massive, mandatory penalties for security breaches from credit reporting agencies.

Equifax continues to be under investigation from the Federal Trade Commission and faces more than 240 class action lawsuits.

Warren's new bill will give consumers more control over their own personal data and prohibit companies like Equifax from charging consumers for freezing and unfreezing access to their credit files.