Equifax

Dems' bid to pause negative credit reporting gets pushback from industry

03/23/20

Congressional Democrats want forceful action to prevent damage to millions of Americans' credit scores during the COVID-19 pandemic. But the credit bureaus argue that the tools needed to protect consumers are already in place.

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Charges in Equifax hack; Varo Money passes FDIC test

02/11/20

Four Chinese military members charged with stealing data of 150 million Americans; fintech can use deposit insurance, a step toward a full bank charter.

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U.S. charges four Chinese military members in Equifax hack

02/10/20

The four members of China’s People’s Liberation Army are accused of masterminding the breach that affected more than 140 million people.

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Credit reporting bill passes House but faces long odds in Senate

01/30/20

No Republicans voted for the package of bills intended to overhaul the credit reporting system, casting doubt on its chances in the GOP-controlled Senate.

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Equifax to pay $380.5M to cover claims from 2017 breach

01/16/20

Under terms of the settlement approved by a Georgia court Monday, Equifax may also have to pay an additional $125 million if the initial amount doesn't cover all the claims.

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‘Absolute scam’: Complaints about credit monitoring plans flood CFPB

10/20/19

Regulators have long warned the credit bureaus about deceptive marketing that causes consumers to sign up unwittingly for paid monitoring services. But the practice has persisted, according to complaint data.

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Could financial firms do more in response to data breaches?

09/20/19

Democratic lawmakers and consumer advocates say the remedies offered to consumers by firms like Capital One and Equifax are too difficult to access and not particularly helpful.

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Has removing tax lien data from credit records led to more bad loans?

09/03/19

A year after the major credit bureaus agreed to strip tax liens and civil judgments from consumers' credit files, a new study says it is hampering lenders' credit decisions. But proponents of the move insist it was the right call.

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Prompt notification would ease pain of data breaches: Survey

08/30/19

At the same time, consumers hold banks to tougher disclosure standards than government agencies, health care organizations and retailers, according to Experian.

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Backlash against rule tying immigration cases to credit history

08/21/19

The Trump administration’s “public charge” rule would add credit reports to factors that could be used to deny legal residency, but critics say credit scoring was never intended for that purpose.

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