September 15, 2017

MarketWatch: Warren seeks answers from Equifax, introduces bill giving consumers more control over financial data

Bill would ban fees for credit freezes, enhance fraud protections

Sen. Elizabeth Warren is asking for an investigation into the causes of Equifax Inc.'s massive data breach and introducing a new bill that would give consumers more control over their credit data.

In a letter to Equifax, the Massachusetts Democrat said the company "has failed to provide the necessary information describing exactly how this happened, and exactly how [its] security systems failed," adding that initial customer service information "did nothing to clarify the situation and actually appeared to be efforts to hoodwink [consumers] into waiving important legal rights."

Read more on the MarketWatch website here.