If you haven’t heard yet, there’s been a major hack event at Equifax, one of the largest institutions to track massive amounts of consumer data to report credit. We’re talking things like Social security numbers, drivers licenses, birth dates, etc. Well, it just so happens that earlier this year, the company was hacked and some 143 million Americans could be effected.

Democratic Senator Elizabeth Warren is looking to take them on and make them accountable. Warren has quickly risen to the top when it comes to being an advocate against Wall Street corruption and scandals that greatly impact the American people.

On Friday, Warren will begin introducing certain legislation to crack down on Equifax in order to grant customers additional control over data that credit card companies collect. Her bill, which is also backed by Brian Schatz will mandate that the credit reporting agency and its other competitors freeze credit reports of consumers and restrict the ability of the companies to profit from that data during the freeze period.

In turn, consumers would be allowed to access their credit reports at no cost to them. Additionally, Warren also sent communication to the Consumer Financial Protection Bureau and the Federal Trade Commission (FTC). She asked for more information on how regulators will investigate the breadth of the breach. She wants answers!

The requests add additional tension to the industry. This will play an important role in the US economy. Most banks actually rely on this data in order to determine the extent to which offer certain loan amounts to their customers. For Equifax, the only real good news will be that the Republicans control congress so Warren’s bill may not go any further than where it is right now.

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